Breaking Ground: India’s Largest Conglomerate Ventures into Chip Manufacturing

India’s largest conglomerate,⁤ Tata Group, is venturing into chipmaking with the construction of two semiconductor​ factories in Gujarat and Assam. The $11 billion Gujarat plant ⁤will employ 20,000 workers and produce 50,000 silicon wafers monthly, while​ the $3 ‌billion Assam ⁤facility will have 27,000 employees packaging chips ⁣into processing units.⁣ Tata Group is​ partnering with Powerchip Semiconductor Manufacturing Corporation‍ of ⁢Taiwan for the Gujarat project and going solo in Assam. This move reflects Tata’s ⁤ambition to capitalize on the Indian‍ government’s goal of ​transforming the country into a high-tech manufacturing hub. Under the leadership of ‍chairman Natarajan ‌Chandrasekaran,⁤ Tata Group is shifting ⁢from a restructuring​ phase to a ‌growth phase, aiming​ to play a⁤ significant role ⁢in the industry. When Chandrasekaran took over Tata‍ Sons‌ in 2017, the group was struggling due ​to failed acquisitions and business ‌ventures. ‌However,⁢ with‍ this​ new venture, Tata Group‌ is ​poised to make ​a significant​ impact ⁣in⁤ the chipmaking‍ industry.‍ For more details, you can‌ visit ⁣ www.economist.com.