Brief by Shorts91 Newsdesk / 06:53am on 14 Mar 2024,Thursday Business
Tata Group is set to inaugurate India's first semiconductor fabrication unit in Assam, aiming for commercial production by 2026. Chairman N. Chandrasekaran disclosed plans to start chip manufacturing at 28 nanometres, serving various sectors. The venture, part of India's approved semiconductor projects, includes Tata-PSMC's facility in Dholera, Gujarat. With a total investment of ₹1.25 trillion, the initiative anticipates creating over 50,000 jobs. Industry experts praise the move, noting its significance in establishing India as a global semiconductor hub and ensuring technological sovereignty. Chandrasekaran emphasizes the industry's pivotal role in advancing multiple sectors and reducing dependency on international supply chains.
