Saturday, July 20, 2024
Business

Tata’s chip unit announcement imminent- Chandrasekaran

Chennai: Tata Sons chairman N Chandrasekaran has announced that the conglomerate is on the verge of revealing a significant investment in a semiconductor chip fab. Speaking at the 20th Anantharamakrishnan memorial lecture on “India’s Leadership in a Pivotal Decade,” Chandrasekaran shared that the conglomerate’s semiconductor venture will be disclosed very soon and emphasized it as a substantial investment.

Chandrasekaran highlighted Tata Sons’ strategic moves into the future, citing examples such as the acquisition of Air India and the foray into electronics and semiconductors. However, he did not provide detailed insights into the plans for the semiconductor fab unit during his address after receiving the MMA-Amalgamations Business Leadership Award 2023.

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Recent reports suggested that Tata Group might explore partnerships with major Taiwanese chipmakers, namely Powerchip Semiconductor Manufacturing Corporation (PSMC) or UMC Group, for its proposed chip fabrication plant located at Dholera in Gujarat. Chandrasekaran hinted at producing multiple nodes, indicating the conglomerate’s commitment to advanced manufacturing in the semiconductor domain.

He expressed optimism about India’s position in the evolving supply chain, stating that the country’s size, demography, and other advantages position it favorably to capitalize on the redefined supply chain, including advanced manufacturing. The semiconductor venture is expected to further solidify Tata Sons’ foothold in the evolving technology landscape.

 

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