According to media reports, India's Tata Group recently announced a strategic alliance with global analog chip giant ADI (Analog Devices Inc.) to jointly explore the possibility of establishing a chip manufacturing plant in India.
According to the memorandum of understanding signed by both parties, Tata Electronics, Tata Motors and Tejas Networks under the Tata Group will collaborate with ADI.
The two parties will explore opportunities to start semiconductor manufacturing operations in India and adopt ADI's products in Tata Motors' electric vehicles and Tejas' network infrastructure. In addition, the two parties also plan to have in-depth discussions on strategic roadmaps.
Although the specific timetable for the cooperation and the impact of this cooperation on ADI's existing capital expenditure plans and chip manufacturing plans in the United States and Europe have not yet been announced, both parties are confident in the potential and prospects of the cooperation.
Tata Group Chairman N Chandrasekaran said that the Tata Group is committed to building a prosperous semiconductor industry in India, and the collaboration with ADI will help achieve this goal across the entire semiconductor value chain.
Vincent Roche, CEO of Analog Devices, also stressed that the collaboration will drive the development of India’s semiconductor ecosystem and accelerate innovation in cutting-edge technologies such as electric vehicles and next-generation network infrastructure.
In recent years, the Indian government has actively promoted the development of the local chip manufacturing industry. Tata Electronics has previously announced a partnership with Taiwan's Powerchip to build a wafer factory in Gujarat, and plans to establish a semiconductor chip assembly and testing plant in Assam.
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