Tata Group To Start Manufacturing Semiconductors Amidst Global Shortage; Targets Electronics Market

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.

Tata Group To Start Manufacturing Semiconductors Amidst Global Shortage; Targets Electronics Market

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.

Tata Group To Start Manufacturing Semiconductors Amidst Global Shortage; Targets Electronics Market

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.

Tata Group To Start Manufacturing Semiconductors Amidst Global Shortage; Targets Electronics Market

"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.

Tata Group To Start Manufacturing Semiconductors Amidst Global Shortage; Targets Electronics Market

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."

Tata Group To Start Manufacturing Semiconductors Amidst Global Shortage; Targets Electronics Market

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.

Tata Group To Start Manufacturing Semiconductors Amidst Global Shortage; Targets Electronics Market

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.

Tata Group To Start Manufacturing Semiconductors Amidst Global Shortage; Targets Electronics Market

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.

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Read more on: #tata motors #auto news
Article Published On: Thursday, August 12, 2021, 10:08 [IST]
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