News Snapshot:
Amidst escalating geopolitical tensions, Chinese smartphone makers are putting their immediate manufacturing-related investments on hold, given the uncertain business environment. Officials from Chinese smartphone makers and the industry say the banning of 59 Chinese apps have made them even more nervous, with some wondering if they will be the next target in India, and are watching the situation eagerly. Major smartphone investors such as Oppo and Vivo in fact are yet to register for India’s ambitious production-linked incentive (PLI) scheme for manufacturing, even though the likes of Apple phone makers Foxconn and Wistron, besides local manufacturers such as Dixon, Lava...
