US chip maker Intel has signed a deal with the Tata Group to manufacture and assemble semiconductor chips in India for the local market.
Under this agreement, Intel and Tata will collaborate to quickly expand AI-powered PC solutions for both consumers and businesses in India, which is expected to be among the world’s top five PC markets by 2030.
“Intel and Tata intend to explore manufacturing and packaging of Intel products for local markets at Tata Electronics’ upcoming Fab and OSAT (Outsourced Semiconductor Assembly and Test) facilities, as well as a collaboration for advanced packaging in India,” the Tata Group statement said.
“We see this as a tremendous opportunity to collaborate with Tata to rapidly scale in one of the world’s fastest-growing compute markets, fuelled by rising PC demand and rapid AI adoption across India,” Intel Corporation CEO Lip-Bu Tan said.
“We are excited to collaborate with Intel, and this strategic alliance would accelerate our efforts. Together, we will drive an expanded technology ecosystem and deliver leading semiconductors and systems solutions, positioning us well to capture the large and growing AI opportunity,” Tata Sons Chairman N Chandrasekaran said.
The Tata Group is setting up a chip manufacturing plant in Dholera, Gujarat, and a semiconductor assembly and packaging plant in Assam, with a combined investment of ₹1.18 lakh crore.
Tata Group plans to establish a chip manufacturing facility in Dholera, Gujarat, and a semiconductor assembly and packaging plant in Assam, investing a total of ₹1.18 lakh crore.
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