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Tata group is looking to enter semiconductor manufacturing: Chandrasekaran

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The Tata group is looking to make a foray into semiconductor manufacturing and it has set up a business to seize the opportunity, Chairman N Chandrasekaran said on Monday.


“At the Tata group, we have already pivoted into a number of new businesses like electronics manufacturing, 5G network equipment as well as semiconductors, in all probability,” he said while speaking at the annual general meeting of the IMC Chamber of Commerce and Industry.


Chandrasekaran said global supply chains, currently heavily dependent on China, would see a big change in a post-pandemic world with businesses shifting their reliance to other countries.


“On rebalancing supply chains, India can benefit from global shifts. The Tata group has already set up a business to seize the promise of high-tech manufacturing for electronics. A domestic electronics industry could unlock $1 trillion in GDP and create millions of jobs,” he said.


The Tata group chairman’s remarks come at a time when automobile makers across the world are facing a severe shortage of semiconductors, hitting their businesses.


Semiconductors are used in myriad ways, including in fuel-pressure sensors, digital speedometers, and navigation displays. Semiconductor manufacturing requires high investments and India does not have any such facility yet. The Vedanta group, which recently emerged as the highest bidder for Videocon, is also looking at the semiconductor industry for a possible foray.


A foray into the semiconductor segment will help the Tata group supply these key components to Tata Motors and Tata Power, apart from other companies across the world. Tata Motors recently announced that its subsidiary Jaguar Land Rover would make a huge loss in the coming quarter due to lack of semiconductors in the UK.


Read More at https://www.business-standard.com/article/companies/tata-group-is-looking-to-enter-semiconductor-manufacturing-chandrasekaran-121081000066_1.html

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