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Top US Firms From Apple to Intel Decry India PC Import Curbs

Daniel Nenni

Daniel Nenni

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  • - India seeks to implement mandatory import licenses from Nov. 1
  • - Business groups expressed concerns to US Commerce Department

August 18, 2023 at 2:34 AM PDT
A broad coalition of America’s largest businesses from Apple Inc. to Intel Corp. protested the abrupt way in which India introduced tech import restrictions this month, saying the surprise move will damage New Delhi’s ambitions to become a global manufacturing hub and harm consumers.

In a letter to US officials this week, eight American trade groups comprising the biggest players in technology and manufacturing asked the Department of Commerce, US Trade Representative and government more broadly to urge India to reconsider the policy. The South Asian nation plans to impose a new license requirement for tech imports from Nov. 1, spanning everything from laptops and tablets to servers and components for datacenters.

The move comes just days before the G20 Leaders' Summit is to begin in New Delhi on Sept. 9 marking the end of India's India’s G20 presidency. The term saw Prime Minister Narendra Modi seeking to expand bilateral trade relations with the U.S., France and others.

The letter noted that India's reliability as a trade and supply chain partner is put into question by steps which restrict the free flow of goods.

U.S. industry groups including the Information Technology Industry Council, the National Association of Manufacturers and the Semiconductor Industry Association raised several grievances to the planned licensing rules.

Any hindrance to trade could affect the shipment of U.S.-made computers and electronics into India, which then could create difficulty for businesses, American or Indian, to run and expand their operations, the report added.

"This potential will only be achieved if businesses have assurance about a predictable regulatory climate," the letter noted.

www.bloomberg.com

Top US Firms From Apple to Intel Decry India PC Import Curbs

A broad coalition of America’s largest businesses from Apple Inc. to Intel Corp. protested the abrupt way in which India introduced tech import restrictions this month, saying the surprise move will damage New Delhi’s ambitions to become a global manufacturing hub and harm consumers.
www.bloomberg.com www.bloomberg.com
 
It is predictable: Predictably rent-seeking as relates to foreigners. And it definitely is like a tariff or embargo, or threat of embargo.

An illustration: My brokerage used to permit me to trade the Indian futures market, the NIFTY contract, via Singapore, until India decided to require a NSE data license direct from India (rent seeking). The data is not yet available after several months of negotiations. It's a low key embargo.
 
As the second most populated country in the world, India yields power and it is high time they used it. India really is the next China and it will be interesting to see how they fare against a communist dictatorship.

India drives 10% of SemiWiki traffic, there is a huge amount of semiconductor design going on there. Manufacturing and assembly is next, absolutely.
 
Why would India do this? To force manufactures to set up shop in India? India is already famously hard to do business in. Forcing companies to wade into the absolute cess pool of regional Indian politics seems like a recipe for disaster.
 
Daniel Nenni said:
As the second most populated country in the world, India yields power and it is high time they used it. India really is the next China and it will be interesting to see how they fare against a communist dictatorship.

India drives 10% of SemiWiki traffic, there is a huge amount of semiconductor design going on there. Manufacturing and assembly is next, absolutely.
Click to expand...
India has tons of talent and design expertise and design volume. The could set up significant ODMs and OSATS in the next 3-4 years if they just build it. They are 10 years from a Fab making Sub 28nm or any memory technology in HVM.

Do we really have to re-learn that trade wars are bad for everyone?
 
MKWVentures said:
India has tons of talent and design expertise and design volume. The could set up significant ODMs and OSATS in the next 3-4 years if they just build it. They are 10 years from a Fab making Sub 28nm or any memory technology in HVM.

Do we really have to re-learn that trade wars are bad for everyone?
Click to expand...

It all depends on whether biggest ODMs and contract manufacturers will setup shop in India. As of now, they don't.

All pompous press releases about "Apple opening factory in India" are about Foxconn doing SKD assembly.

Nearly complete assemblies come, and then they insert few nuts and bolts in them to skirt the tarrif on finished goods.
 
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