Media reports have now surfaced that India’s business giant Tata Group is now eagerly looking forward to amplifying its electronics segment and very soon, it could appear in the semiconductor manufacturing business. Some anonymous sources who are familiar with this idea has told ET that Tata has started hunting for land close to its electronics manufacturing facility in Tamil Nadu’s Krishnagiri district.
People who are aware of this development have told the media that the business giant could either escalate or widen its present mobile components manufacturing unit there or there is a higher chance that the business group would begin an outsourced semiconductor assembly & test (OSAT) unit.
“The ambitions are directly or indirectly cleared by Tata to focus in key areas of end-to-end electronics and semiconductor industry
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This dream expansion by Tata Electronics, which began as a greenfield project in 2020, appears on the back of the group’s current acquisition of Wistron’s iPhone manufacturing plant in Karnataka’s Kolar district, reported by ET. In fact, it was also added by the sources that Tata Group is also searching for another land in Tamil Nadu’s western district of Coimbatore. One of the sources told ET, “Now that they are (Tata Group) taking over the Wistron plant, they could even be getting into assembly as well but at the moment we are not sure if they will do more components manufacturing or assembly in Tamil Nadu.”
Now, back in 2021, Tata has already signed a pact with the government of Tamil Nadu to set-up a phone component manufacturing unit with an investment of Rs 4,684 Crore. Apart from that, the business group also added that the new plant will provide jobs to more than 18,000 people. Experts have opined that the ambitions are directly or indirectly cleared by Tata to focus in key areas of end-to-end electronics and semiconductor industry.
In April this year, a senior Intel executive Randhir Thakur was appointed as the CEO of Tata Electronics and he will spearhead the dream of the company to begin semiconductor chips packaging, manufacturing, and fabrication. A senior official from the MeitY told ET, “The Tata Group is likely to take it slow and understand the market before taking the plunge. We have had some meetings with them, and they have apprised us of some basic plans they have in mind.”