 "Tata")
Construction of the Tata Group’s semiconductor plant was greenlit by India earlier this year.
Analog Devices (ADI) and Indian salt-to-aviation conglomerate Tata Group have signed a pact to explore making semiconductor products in India, the US chipmaker said on Wednesday.
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Tata Electronics, the electronics-manufacturing arm of the 156-year-old group, is investing a total of $14 billion to build India’s first semiconductor fabrication facility in Gujarat state and a chip-assembly and testing facility in the state of Assam.
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Construction of the Tata Group’s semiconductor plant was greenlit by India earlier this year.
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Tata Electronics and ADI intend to explore opportunities to manufacture ADI’s products in Tata Electronics’ fab in Gujarat and the facility in Assam, Analog Devices said in a statement.
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Prime Minister Narendra Modi has been pushing for India to rival global semiconductor powerhouses such as Taiwan, aiming to make the country a chipmaker for the world despite initial setbacks.
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Earlier this month, India’s western state of Maharashtra said Adani Group and Israel’s Tower Semiconductor would invest $10 billion for a chip project. Infrastructure major Larsen & Toubro’s semiconductor unit, which designs chips for vehicles, also plans to eventually build a factory.
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Under the deal with ADI, Tata will also use the chipmaker’s products in Tata Motors’ electric vehicles and Tejas Networks’ telecom infrastructure, the companies said.
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The companies did not specify what products would be made in India or what products would be used by Tata.
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First Published: Sep 19 2024 | 11:07 AM IST
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