The construction of the Tata Group’s semiconductor plant was given the green light by India earlier this year.
Analog Devices (ADI) and Indian aviation products conglomerate Tata Group have signed an agreement to explore manufacturing of semiconductor products in India, the US chipmaker said on Wednesday.
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 manufacturing plant in the state of Gujarat and a chip assembly and testing plant in the state of Assam.
The construction of the Tata Group’s semiconductor plant was given the green light by India earlier this year.
Tata Electronics and ADI intend to explore opportunities to manufacture ADI’s products at Tata Electronics’ Gujarat factory and Assam facility, Analog Devices said in a statement.
Prime Minister Narendra Modi has been pushing for India to compete with global semiconductor powerhouses like Taiwan, aiming to turn the country into a chipmaker for the world despite initial setbacks.
Earlier this month, India’s western state of Maharashtra announced that Adani Group and Israel’s Tower Semiconductor would invest $10 billion in a chip project. The semiconductor unit of major infrastructure firm Larsen & Toubro, which designs chips for vehicles, also plans to build a factory.
Under the agreement with ADI, Tata will also use the chipmaker’s products in Tata Motors’ electric vehicles and Tejas Networks’ telecom infrastructure, the companies said.
The companies did not specify which products would be made in India or which products Tata would use.
Global companies including NXP Semiconductors and Micron have announced plans to invest and set up facilities in the country.
First published: September 19, 2024 | 11:07 am IS
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