Tata Group and Powerchip Semiconductor: Pioneering India's Semiconductor Future
Strategic Partnership for Semiconductor Manufacturing
In a landmark move, Tata Group has entered a partnership with Powerchip Semiconductor Manufacturing Corporation (PSMC) to transform India's semiconductor landscape. This initiative directly supports Prime Minister Narendra Modi's vision of making India self-reliant in semiconductor production amidst growing electronic demands.
Investment and Job Creation
- The project involves an investment of up to INR 91,000 crores (~US$11bn).
- Over 20,000 direct and indirect jobs are expected to be created.
- Tata Group's multi-fab vision is projected to generate over 100,000 skilled jobs in the region.
Technological Advancements
PSMC will help build India's first AI-enabled greenfield manufacturing facility in Gujarat. The collaboration promises advanced technology licensing, construction support, and technology transfer necessary for establishing a state-of-the-art operation focusing on integrated circuits.
Focus on Future Markets
The new fab is set to produce chips for essential applications such as:
- Power management ICs
- Display drivers
- Microcontrollers (MCU)
This production will address the rising demand in sectors such as AI, automotive, computing, data storage, and wireless communication. Tata Electronics has already secured potential buyers for their chips.
Building a Robust Supply Chain
Tata Group is also focused on creating a strong semiconductor supply chain ecosystem by collaborating with local suppliers and partners to set up support units around manufacturing locations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.