According to news on January 11, Tata Group Chairman Natarajan Chandrasekaran recently publicly stated that the group plans to disclose plans to build a state-of-the-art semiconductor manufacturing plant in Gujarat by the end of 2024.
At the recently held Global Summit in Gujarat, Chen Zhe said that relevant negotiations are nearing completion and construction is scheduled to begin in 2024, marking an important step in India's efforts to strengthen the semiconductor ecosystem.
India is accelerating the development of its semiconductor business and initially provided $10 billion in incentives for the chip manufacturing industry. However, it has encountered many obstacles during the advancement process and has shelved or canceled some proposals.
IT House previously reported that Tata Group plans to spend US$125 million to acquire Wistron's business. In order to better coordinate with Apple's manufacturing strategic expansion plan in India, it plans to expand production capacity in India and is preparing to build a new iPhone assembly factory. .
Bloomberg reported that the Tata Group is currently "recruiting" to accelerate the takeover of Wistron, and also plans to build India's largest iPhone assembly plant in the town of Hosur, Tamil Nadu, India.
The new factory is expected to establish 20 assembly lines, plan to employ approximately 50,000 workers in the next 2 years, and is scheduled to be operational within 12 to 18 months.
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