ENA Sectors 2024-09-19 15:48:49 <p><span style="font-size:14px"><strong>New Delhi, Sep 19 (KNN)</strong> The Tata Group announced that it has entered into a strategic alliance with Analog Devices, Inc (ADI) to explore joint opportunities in semiconductor manufacturing within India, on Wednesday.</span></p> <p><span style="font-size:14px">This partnership involves three Tata subsidiaries including Tata Electronics, Tata Motors, and Tejas Networks, signing a memorandum of understanding (MoU) with ADI to enhance strategic cooperation.</span></p> <p><span style="font-size:14px">In an official statement, the Tata Group expressed that this collaboration is expected to be mutually beneficial and represents a significant step towards establishing a robust electronics manufacturing ecosystem in India, catering to both domestic and global markets.</span></p> <p><span style="font-size:14px">N. Chandrasekaran, Chairman, Tata Sons, emphasised the group's commitment to fostering a thriving semiconductor industry in India.</span></p> <p><span style="font-size:14px">He stated, 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. </span></p> <p><span style="font-size:14px">Vincent Roche, CEO and Chair, ADI, highlighted the potential of this alliance, saying, 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. </span></p> <p><span style="font-size:14px">Prior to this announcement, Tata Electronics had revealed plans to invest USD 11 billion in India's first semiconductor fabrication plant in Dholera, Gujarat.</span></p> <p><span style="font-size:14px">Additionally, the company is set to invest USD 3 billion in a new facility for semiconductor assembly and testing in Jagiroad, Assam.</span></p> <p><span style="font-size:14px">The partnership outlines several areas of potential collaboration. Tata Electronics and ADI will explore manufacturing opportunities for ADI's products in Tata's Gujarat fabrication plant and Assam assembly and testing facility.</span></p> <p><span style="font-size:14px">Tata Motors and ADI will investigate potential engagements in electronics hardware components for energy storage solutions and power electronics in both commercial and passenger vehicle segments.</span></p> <p><span style="font-size:14px">Tejas Networks and ADI will explore opportunities in electronics hardware components for network infrastructure.</span></p> <p><span style="font-size:14px">This strategic alliance aims to leverage ADI's semiconductor technology for various Tata applications, including electric vehicles and network infrastructure, while simultaneously exploring manufacturing possibilities within India.</span></p> <p><span style="font-size:14px">The collaboration between these industry leaders is poised to play a crucial role in advancing India's position in the global semiconductor market and supporting the country's electronics manufacturing sector.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39335 https://knnindia.co.in/news/newsdetails/sectors/tata-group-analog-device-inc-to-forge-allaince-for-semiconductor-manufacturing-in-india 2024-09-19 15:48:49 knnindia.co.in