According to a report by Bloomberg, discussions are underway to possibly grant exemptions to Chinese companies in high-tech sectors such as solar modules and critical minerals.  Ministry of Commerce and Industry, along with other security-related departments, is currently examining the feasibility and implications of such exemptions.

“As a consequence of ongoing increases in new order intakes, firms stepped up recruitment. The rate of job creation was sharp and the strongest seen since data collection started in March 2005. Staff expenses reportedly intensified in June, which coupled with rising material and transportation costs caused another overall increase in operating expenses,” the report noted.

The chipmaking equipment industry is expanding in India due to tensions between China and the West. SEMI's first Semicon exhibition in India will feature major companies, reflecting India's growing semiconductor market, projected to reach $64 billion by 2026, as the country becomes a key semiconductor hub.

India's manufacturing sector growth slowed in May but remained in expansion, with the PMI at 57.5, driven by strong global sales despite reduced working hours due to heatwaves and rising production costs.

Manufacturing PMI in March touches 59.1: "The notable improvement in operating conditions reflected stronger growth of new orders, output and input stocks as well as renewed job creation,” said S&P.