In a significant move, the Tata Group has announced plans to expand its semiconductor manufacturing facilities in Assam, Kerala’s Ozhur and other Indian locations, as stated by Chairman N Chandrasekaran.
What Happened: Tata Group is making its foray into the semiconductor industry by planning to set up additional manufacturing facilities across India, NDTV Profit reported.
“We are constructing this Fab (fabrication plant) in Dholera, which will have five different technologies. While it will be primarily located in Dholera, we are also setting up one in Assam, Ozhur, and other places,” Chandrasekaran said as the company’s announced its collaboration with a Taiwanese firm.
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The new venture, Tata Electronics, has joined forces with Taiwan’s Powerchip Manufacturing Semiconductor Company (PSMC) to establish India’s maiden semiconductor manufacturing plant in Dholera, Gujarat. The Dholera semiconductor facility will integrate five different technologies, and the alliance with Taiwan’s PSMC has been advancing swiftly.
On Thursday, the leadership of Tata Sons and PSMC met with Indian Prime Minister Narendra Modi. Speaking about their meeting, he noted it was productive.
Chandrasekaran expressed his belief in the future of semiconductors, stating, “Everything in this world will be driven by technology. We will see more semiconductor chips in every product we use, such as mobile phones, energy systems, manufacturing plants, and industrial and consumer goods, whether in B2B (business-to-business) or B2C (business-to-consumer) sectors.”
As part of the agreement, Powerchip will extend design and construction support to develop India's first artificial intelligence-enabled, advanced greenfield fabrication plant in Gujarat. The project, involving a total investment of up to ₹91,000 crore, is projected to create over 20,000 direct and indirect skilled jobs.
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