After 5G, Tatas gear up for chip manufacturing

Mumbai: Days after it announced its entry into production of 5G network equipment, the Tata Group is gearing up for a play in semiconductor manufacturing. The move will pit India’s largest industrial house against the likes of Samsung, Intel, Taiwan Semiconductor and Renesas.

Tatas are placing bets on hi-tech manufacturing to boost its fortunes in a post-pandemic world. Estimating the market opportunity of hi-tech manufacturing of electronics to be worth $1 trillion, Tata Group chairman N Chandrasekaran said the conglomerate has set up a business to seize the opportunity. He, however, didn’t elaborate.

The development comes against the backdrop of group flagship Tata Motors facing production challenges due to the ongoing chip supply crisis globally.