Tata group is said to be in talks with three states to invest up to $300 million in a semiconductor assembly and test unit as part of the conglomerate’s push into high-tech manufacturing.
Quoting sources, reports said Tata is in talks with the southern states of Tamil Nadu, Karnataka, and Telangana about scouting land for an outsourced semiconductor assembly and test (OSAT) plant.
While Tata has previously stated that it intends to enter the semiconductor market, this is the first time information regarding the company’s entry and scale has been made public.
A foundry-made silicon wafer is packaged, assembled, and tested at an OSAT plant before being turned into finished semiconductor chips.
