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Optiemus Electronics has announced its entry into telecom equipment manufacturing, aiming to bolster India’s self-reliance in the sector. This move aligns with the Indian government’s vision of an Atmanirbhar Bharat, or self-reliant India. The company is collaborating with Tejas Networks, a prominent player in the telecom sector, to produce a range of telecom equipment, including 4G Base Band Units, Remote Radio Heads, ONT/ONU, and Broadband Switches & Routers.

This strategic initiative split into two phases, marks a significant step in strengthening Kerala’s EV infrastructure, supporting the rising demand for electric vehicles. Servotech Power Systems Ltd., a prominent EV charger manufacturer in India, has been awarded a contract by the Agency for New and Renewable Energy Research and Technology (ANERT) under the Department of Power, Government of Kerala, to install 12 electric vehicles (EV) charging stations.

Tata’s $60 billion iPhone plant in Hosur begins operations in November, promising 50,000 jobs and strengthening Apple’s manufacturing base in India. Tata Electronics is set to launch its second iPhone manufacturing plant in Hosur, Tamil Nadu, in November 2024. Tata Electronics, which is building the plant, is investing $60 billion. Spanning 250 acres, this new facility will become Apple’s fourth iPhone assembly plant in India and Tata’s second dedicated to Apple’s smartphones.

Apple manufactures iPhone 16 Pro in India, aiming to diversify production from China, enhance export operations, and boosts local manufacturing efforts. Apple is set to start assembling its iPhone 16 Pro and iPhone 16 Pro Max models in India to diversify production away from China. According to a recent report by Money Control, Apple’s assembly partner, Foxconn, will begin the “new product introduction” (NPI) process at its facility in Sriperumbudur, Tamil Nadu, within the current fiscal year.

AMD acquired ZT Systems for $4.9 billion to boost AI chip capabilities and strengthen its competitive edge against Nvidia in the growing AI market. On Monday, AMD announced plans to acquire server maker ZT Systems for $4.9 billion. This move aims to bolster AMD’s capabilities in artificial intelligence (AI) chips and hardware, enhancing its ability to compete with Nvidia in the rapidly growing AI sector.

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In 2021, Northvolt acquired Cuberg, a California-based battery technology company with 25 employees. Since then, the company has expanded to more than 200 employees and has concentrated on developing lithium-metal battery technology. Battery manufacturer Northvolt announced on Tuesday that it would centralize and relocate its lithium-metal battery technology development from California to its research and development centre in Vasteras, Sweden.

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Driven mainly by electric vehicles, the Li-ion battery cell market is projected to surpass $400 billion by 2035, with China at the forefront as increased gigafactory investments fuel the growth. The market for lithium-ion battery cells is set to touch US$405 billion by 2035, with a projected CAGR of 9.9%, according to a report published by IDTechEx.  Electric vehicles are the primary driver of this growth.