Tata Electronics strikes Intel deal to build India’s chip supply chain

Tata Electronics appointed American chip designer Intel As a division of Mumbai-based conglomerate Tata Group, it is working to expand India’s domestic electronics and semiconductor supply chain as a potential customer.

Under the MoU, the companies will explore manufacturing and packaging of Intel products for local markets at Tata Electronics’ upcoming facilities.

Intel and Tata also plan to evaluate ways to quickly scale customized AI computing solutions for consumers and businesses in India.

One Press release Tata on Monday said the collaboration is an important step towards developing a resilient, India-centric electronics and semiconductor supply chain.

“Together [with Intel]”We will drive an expanded technology ecosystem and provide leading semiconductors and systems solutions, positioning us well to capture the large and growing AI opportunity,” said N Chandrasekaran, Chairman of Tata Sons, the principal investment holding company of the Tata companies.

Founded in 2020, Tata Electronics is investing billions to build India’s first pure foundry. The facility will produce semiconductor products for the artificial intelligence, automotive, computing and data storage sectors. Tata Electronics.

The company is also building new facilities for assembly and testing.

India is one of the world’s largest consumers of electronics but lacks chip design or manufacturing capabilities.

But the Indian government is trying to change this as part of efforts to reduce dependence on chip imports and capture a larger share of the global electronics market, which is shifting away from China.

“below New Delhi”India Semiconductor MissionAt least 10 semiconductor projects have been approved with a cumulative investment of over $18 billion.

Intel CEO Lip-Bu Tan said the partnership with Intel is a “tremendous opportunity” to grow rapidly in one of the world’s fastest-growing PC markets, driven by rising PC demand and rapid adoption of AI in India.