- 18 min ago Yamaha Aerox 155 Launched In India; Powered By R15 Sourced 155cc Engine With VVA
- 3 hrs ago New Yamaha R15 V4.0 Launched In India; R15M And Aerox 155 Launched Along
- 8 hrs ago Audi E-Tron GT Launch Tomorrow; Audi Claims 383 Km Range
- 1 day ago Royal Enfield Introduces ‘Make It Yours’ Riding Jackets; Available Soon At Dealership Level
- News US military power must be our tool of last resort, not our first: Biden at UN
- Sports With good balance of youth and experience, head coach Bozidar is confident of CFC’s chances in ISL 2021-22
- Movies Kamya Panjabi Regrets Not Meeting Sidharth Shukla Post Bigg Boss 13, Says ‘We Used To Laugh So Much’
- Education SBI Clerk Prelims Result 2021 Declared, Check Direct Link
- Technology Realme GT Neo2 Price Revealed Ahead Of Launch; New Dimensity 1200AI SoC Variant Also Tipped
- Lifestyle Emma Corrin’s Emmy’s 2021 Costume Is Surprising And There Could Be Salem Witch Trials Angle To It
- Finance How To Choose ELSS Fund To Save Tax And Create Wealth?
- Travel 8 Beautiful Long Drive Routes In India
The Tata Group is looking forward to venturing into semiconductor manufacturing. The company is the parent company of Tata Motors and is looking forward to capitalising on the growing high-tech electronics manufacturing business amidst the current semiconductor shortage.
The Tata Group has already been on the path of manufacturing 5G equipment and has acquired a few companies to create the Tata Digital business. As of now, Tata Group will be carefully planning their investments for large scale production of semiconductors in the country.
Reflecting this, N Chandrasekaran, Chairman of Tata Group has said that the company has already set up operations to manufacture high-tech electronic equipment, and the market value for this is reportedly valued at around USD 1 Trillion.
"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." said N Chandrasekaran at IMC Chamber of Commerce and Industry's AGM.
He also added, "On rebalancing supply chains, India can significantly benefit from the geopolitical shifts that we are seeing. At the group, we have already set up a business to seize the promise of high-tech manufacturing of electronics, precision manufacturing, assembly and testing and semiconductors in the medium term."
This sudden move from Tata Group seems to be the result of a major shortage of semiconductors across the globe. This has greatly affected the production of automobiles across the world, and it is this demand that Tata Group is looking to capitalise on. In the process, Tata will end up empowering the country.
Along with this, it will also enable our country to rely less on China for semiconductors. This will further promote the Indian Government's ‘Make In India' campaign.
Thoughts On Tata Group Venturing Into Manufacturing Of Semiconductors
At present, China is the go-to place for any global giant when it comes to electronics and its ancillaries. Tata Group's venture into the semiconductor and electronics industry will not only help India to become more self-reliant but will attract buyers from international markets as well.
This will have a positive impact on the country's GDP, job market and economy in the long run.