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India will pay you $1 billion if you make it some chips
But, like, silicon ones, tho

Prasham Parikh Prasham Parikh
India will pay you $1 billion if you make it some chips

The border skirmishes between India and China last year set many things in motion — they led to the ban of several Chinese apps in the country, caused the revival of a homegrown smartphone company, and augmented the Make in India initiative (and aatmanirbharta) that encourages companies to do their manufacturing in the nation. Following the integral role the initiative has already played in making the country the second-largest smartphone manufacturer in the world, the government now intends to draw in chipmakers with a lucrative offer.

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[Update: Layoffs Confirmed As Part Of Cost-Cutting Plan] Qualcomm Could Lay Off More Than 10% Of Its 30,000 Employees In Its Second-Quarter Earnings Announcement

[Update: Layoffs Confirmed As Part Of Cost-Cutting Plan] Qualcomm Could Lay Off More Than 10% Of Its 30,000 Employees In Its Second-Quarter Earnings Announcement

Rita El Khoury Rita El Khoury

It's not easy being a chip and component maker in the smartphone industry and trying to turn a profit when competitors are driving the prices down to a point where an entire phone can cost somewhere around $50. It's even harder when the high-end market is being governed by a few players, the major one of whom decides to "dump" your chips and use their own for its flagship. That's Qualcomm's conundrum right now. The company, which has been a mainstay on the spec sheet of a grand majority of the Android phones we talk about here on Android Police, is hitting a rough patch — not enough to sound the alarm sirens, but enough to jeopardize the employment of thousands of its workforce.

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