Tata Mentioned to Be in Talks to Set Up $300-Million Semiconductor Meeting Unit

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 Tata group is in talks with three states to take a position as much as $300 million (roughly Rs. 2,245 crore) to arrange a semiconductor meeting and check unit, two sources acquainted with the matter mentioned, 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 check (OSAT) plant, the sources mentioned, declining to be recognized because the matter just isn’t public.

Whereas Tata has beforehand mentioned it might seemingly 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 places for the manufacturing unit, one of many sources mentioned, including a venue was prone to be finalised by subsequent month.

“Whereas they (Tata) are very sturdy 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 mentioned.

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 companies 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 mentioned.

Potential purchasers of Tata’s OSAT enterprise embody firms resembling Intel, Superior Micro Units (AMD), and STMicroelectronics.

The manufacturing unit is anticipated to start out operations late subsequent yr and will make use of as much as 4,000 staff, the supply mentioned, including availability of expert labour on the proper value was key to the long-term viability of the venture.

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

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

© Thomson Reuters 2021


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