Tata Group to Set Up $300 million Semiconductor Assembly Unit, in Talks with 3 States

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India’s Tata group is in talks with three states to take a position as much as $300 million to arrange a semiconductor meeting and take a look at unit, two sources conversant in the matter stated, as a part of the conglomerate’s push into high-tech manufacturing.

Tata is speaking to the southern states of Tamil Nadu, Karnataka and Telangana and scouting for land for the outsourced semiconductor meeting and take a look at (OSAT) plant, the sources stated, declining to be recognized because the matter shouldn’t be public.

Whereas Tata has beforehand stated it will doubtless enter the semiconductor enterprise, that is the primary time information in regards to the group’s foray into the sector and its scale has been reported.

An OSAT plant packages, assembles and checks foundry-made silicon wafers, turning them into completed semiconductor chips.

Tata has checked out some potential areas for the manufacturing facility, one of many sources stated, including a venue was prone to be finalised by subsequent month.

“Whereas they (Tata) are very robust on the software program aspect of issues … {hardware} is one thing they need to add to their portfolio, which could be very important for long-term progress,” the supply stated.

Tata group and the three states didn’t reply to requests for remark.

Tata’s push will bolster Indian Prime Minister Narendra Modi’s ‘Make in India’ drive for electronics manufacturing, which has already helped flip the South Asian nation into the world’s second-biggest maker of smartphones.

The Tata group, which controls India’s high software program providers exporter Tata Consultancy Providers and has pursuits in the whole lot from autos to aviation, plans to put money into high-end electronics and digital companies, its Chairman N. Chandrasekaran has beforehand stated. learn extra

Potential shoppers of Tata’s OSAT enterprise embody corporations similar to Intel, Superior Micro Units, and STMicroelectronics.

The manufacturing facility is predicted to begin operations late subsequent 12 months and will make use of as much as 4,000 staff, the supply stated, including availability of expert labour on the proper value was key to the long-term viability of the challenge.

“As soon as Tata begins, the ecosystem will come round … So it’s very important to seek out the correct place from a labour standpoint,” the supply stated.

Individually, Tata is already constructing a high-tech electronics manufacturing facility in southern Tamil Nadu state.

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