Tata Group to establish chip production in India - Breaking The News
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Tata Group to establish chip production in India

EPA/JAGADEESH NV

Tata Sons Chairman Natarajan Chandrasekaran confirmed on Thursday that the company would start producing semiconductors in India within the next few years. Speaking with Nikkei Asia, he said production of the chips would make India a key supplier on a global scale.

Chandrasekaran expanded on the topic, stating the company will "look into the possibility of eventually launching an upstream chip fabrication platform."

The enterprise will invest a total of $90 billion over the next 5 years into chipmaking as well as various other projects such as the manufacturing of electric vehicles and electric batteries. According to Nikkei, potential partners in the project could be from the United States, Japan, Taiwan, and South Korea.

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