After iPhones, Tata Group Will Manufacture Semiconductors! Tata's Big Push Towards Electronics Manufacturing?


Shreya Bose

Shreya Bose

May 26, 2023


Tata Group is planning to enter the semiconductor space soon.

Land hunting

It wants to try its hands in the making of electronics, like phones and computer chips.

After iPhones, Tata Group Will Manufacture Semiconductors! Tata's Big Push Towards Electronics Manufacturing?

To fulfill its ambitions it is seeking land close to its electronics manufacturing plant in Krishnagiri, Tamil Nadu.

Expansion or build new unit

They might expand their existing unit that makes parts for phones or create an outsourced semiconductor assembly and test (OSAT) unit.

This will be a planned expansion of Tata Electronics, a division of the Tata Group which was set up as a greenfield venture in 2020.

Acquiring iPhone manufacturing plant

The development comes on the heels of Tata Group’s ongoing acquisition of Taiwanese contract manufacturer Wistron’s iPhone manufacturing plant in Karnataka’s Kolar district.

A source said, “Now that they (Tata Group) are taking over the Wistron plant, they could even be getting into the assembly as well but at the moment we are not sure if they will do more components manufacturing or assembly in Tamil Nadu.”

18K new jobs expected

Tata Electronics, Tata Group’s subsidiary and the Tamil Nadu government had signed a memorandum of understanding in 2021 to establish the phone component manufacturing unit with an investment of Rs 4,684 crore.

The plant is expected to create more than 18,000 jobs.

Home to a third new components manufacturing plant?

If the expansion plans materialize, Tamil Nadu will become home to a third significant manufacturing site for mobile and related components given that both Foxconn and Pegatron from Taiwan have factories there.


Shreya Bose
Shreya Bose
  • 610 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Business
Dec. 8, 2022

Beat The Burden Of Medical Inflation With A Health Insurance

As disease rates rise and medical technology develops, treatment costs climb. It’s essential to understand that medical costs are not exclusively associated with hospitals. The cost of prescription drugs, diagnostic procedures, ambulance and operating room fees, consultations with doctors, and other costs are also constantly increasing. All of them could put a big strain on […]

Business
Dec. 8, 2022

3 Biggest Changes Of iOS 16.2 Update That Every iPhone User Should Know!

In its latest update Apple said that it is preparing for the iOS 16.2 update for iPhones across the world. Notably, like the previous release, there are a couple of changes coming for the iPhones.  iOS 16.2 Update Release Date So far, Apple has not announced a release date for iOS 16.2 update. Reportedly, the […]

Business
Dec. 8, 2022

300 Microsoft Employees Create Employee Union, First Time Ever: This Is How Microsoft Reacted

Around 300 workers at Microsoft Corp.’s ZeniMax Studios have commenced the process of forming a union which is said to be the first at the software giant in the US.  Here, Microsoft Corp.’s ZeniMax Studios known for popular video games including Skyrim and Fallout. Forming Union In Microsoft Corp Moreover, the quality assurance employees at […]

Business
Dec. 7, 2022

India Beats China In Air Travel Safety: Ranking Jumps From 102 To 48 In Global Aviation Safety

India’s air safety protocols and executions have improved drastically over the years, as validated by the findings of a specialized agency of the United Nations, the International Civil Aviation Organization or ICAO. The UN watchdog has upgraded India’s ranking in terms of aviation safety to the 48th position, jumping past the rankings of countries like […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online