By Malvika Gurung
Investing.com -- The Mumbai-based multinational conglomerate Tata Group is reportedly in talks with three Indian states to set up a semiconductor assembly and test unit, for which it would invest up to $300 million, paving the way for the conglomerate to foray into the high-tech manufacturing business.
Market leader from software to the auto industries, Tata Group is known to have started indulging in conversations with three states, Tamil Nadu (NS: TNNP ), Telangana and Karnataka, while looking for land to set up its outsourced semiconductor assembly and test plant, or the OSAT plant.
As per a Reuters report, Tata’s OSAT business’ potential clients include chip making behemoths like Intel (NASDAQ: INTC ), Advanced Micro Devices (NASDAQ: AMD ), and STMicroelectronics NV ADR (NYSE: STM ). The operations at the factory are pegged to start late next year, and estimates employing about 4,000 workers.
The suitable venue for setting up the plant will be finalised by the next month. Tata’s foray into the semiconductor business will mark a feat for PM Modi’s 'Make in India’ drive for electronics manufacturing.
The conglomerate is already constructing a high-tech electronics manufacturing facility in Tamil Nadu. An OSAT plant, packages, assembles and tests foundry-made silicon wafers, turning them into finished semiconductor chips.
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TATA is pride of INDIALike 0
TATA is pride of INDIALike 0
thanks tataLike 1
Tata is Tata... Hope for the future of IndianLike 3
Only Tata can think and implement this Grand Thought. Thanks Tata.Like 4
Bring entire population of taiwan to india if china wants to invade them so badly.Like 4
Congratulations. Wonderful decision to make our country self reliant.Like 4
one of the best things can happen to Our India.Like 6