In light of India’s efforts to establish itself as a major player in the semiconductor industry, the Tata Group is allegedly considering a larger incursion into this market.
According to insiders, subsidiary Tata Electronics is looking for land in the Krishnagiri area of Tamil Nadu with plans to either expand its current production facility for mobile components there or set up an external semiconductor assembly and test facility.
The action was taken a few days after news broke that Tata Group was buying the iPhone production facility in Karnataka’s Kolar district from Taiwan-based contract manufacturer Wistron. According to reports, The Tata Group was the sole local business selected to construct Apple’s iPhone 15 and iPhone 15 Plus in India.
India has also been looking to build itself up as a major semiconductor manufacturing hub outside China, doling out incentives for suppliers in the country.
The Tata Group had earlier announced the appointment of Intel veteran Randhir Thakur as CEO of Tata Electronics, and he is likely to head the company’s efforts to get into semiconductor chips fabrication, packaging and manufacturing, the sources said.
Dou You Need New Projects Updates Regularly?
Subscribe to New Projects Tracker or Request For a Trial