INDIA: According to the company, Tata Group intends to look into developing its own chipsets in India within a few years.
Tata plans to enter the chipset manufacturing business
Tata Sons chairman Natarajan Chandrasekaran was quoted as saying that the firm was in discussions with “many companies” about joining forces with established chip manufacturers.
Chandrasekaran mentioned in an interview regarding the chipset manufacturing. He added that the firm has founded Tata Electronics, “under which we are preparing to set up a semiconductor manufacturing testing business.”
The various reports suggest that in June 2022, Tata disclosed a partnership with Tokyo-based Renesas Electronics focused on semiconductor design and development.
He continued by saying that the organization is aiming to start up new firms in developing industries, such as electric vehicles (EVs).
The remarks occur at such moment when the Indian government is seeking to increase funding in the electronics sector generally.
Rajeev Chandrasekhar who is the Union minister of state for entrepreneurship, skill development, electronics, and technology, made the announcement last month regarding the governments investment in the sector.
He stated that the Prime Minister has established a goal to expand the productivity of the electronics sector to $300 billion by 2025–2026.
He also mentioned that the government intended to invest $30 billion on electronics and semiconductors, of which $10 billion would go toward the production of semiconductors and the remaining $20 billion would be allocated to research and manufacture.
Additionally, the government has announced the “India Semiconductor Mission,” a focused and independent commercial division inside Digital India. A dynamic semiconductor and display ecosystem is something that an India-based corporation aims to create.
Despite the fact that China now produces the bulk of semiconductors used worldwide, the pandemic has brought attention to the necessity of changing supply chains.
Additionally, the adoption of electric vehicles is a major factor driving up chip demand in the Indian industry.
Tata, one of the major competitors in the sector, offers a range of EV alternatives to Indian automobile consumers.
Chandrasekaran estimated that EV sales would surpass traditional internal combustion engine (ICE) sales in India by 2027, as opposed to the earlier predicted date of 2030. Therefore, chipsets will always be required.
Also Read: Pentonic 1000 Chipset with 4K 120Hz Support for TV Launched by MediaTek
