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India Procurement News Notice - 77156


Procurement News Notice

PNN 77156
Work Detail Tata Group has formed a strategic partnership with U.S.-based semiconductor company Analog Devices (ADI) to explore cooperative manufacturing opportunities in India. Tata Electronics, Tata Motors, and Tejas Networks have signed a Memorandum of Understanding (MoU) with ADI to leverage ADI’s cutting-edge semiconductor products for Tata’s applications in electric vehicles and network infrastructure. N Chandrasekaran, Chairman of Tata Sons, emphasized the importance of the alliance, stating, "The Tata Group is deeply committed to pioneering a thriving semiconductor industry in India. We are excited to partner with ADI across the semiconductor value chain and explore collaboration between ADI and Tata Group companies to design and offer advanced products to serve our customers." Vincent Roche, CEO and Chairman of ADI, highlighted the potential of the collaboration: "By combining our real-world semiconductor solutions and software expertise with Tata’s vision and capabilities, we can accelerate the development of cutting-edge technologies, from electric vehicles to next-generation network infrastructure. Together, we are not only building a stronger semiconductor ecosystem, but also shaping the future of global electronics manufacturing." This partnership aligns with Tata Electronics existing investments in semiconductor manufacturing. The company is building Indias first semiconductor fabrication facility in Dholera, Gujarat, with a total investment of $11 billion. Additionally, Tata Electronics is investing $3 billion in a greenfield facility in Jagiroad, Assam, for the assembly and testing of semiconductor chips. The collaboration will focus on multiple areas: Tata Electronics and ADI will explore manufacturing ADI’s semiconductor products in Tata’s fab in Gujarat and the OSAT (Outsourced Semiconductor Assembly and Test) facility in Assam. Tata Motors and ADI will work on developing electronics hardware for energy storage solutions and power electronics in both commercial and passenger vehicles. Meanwhile, Tejas Networks and ADI will collaborate on hardware components for network infrastructure. This alliance marks a significant step in bolstering Indias ambitions to become a global semiconductor manufacturing hub.
Country India , Southern Asia
Industry Energy & Power
Entry Date 19 Sep 2024
Source https://newsonprojects.com/news/tata-group-partners-with-analog-devices-to-boost-semiconductor-manufacturing

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