Tata would make a “very, very big investment” in electronics and semiconductors and it would announce the fab, a specialised factory for production “very soon” to produce “multiple nodes”, Tata Sons chairman N. Chandrasekaran said in Chennai on Wednesday.
Delivering the 20th Anantharamakrishnan Memorial Lecture, after receiving the MMA-Amalgamations Business Leadership Award 2023, Mr. Chandrasekaran said Tata has made bets for the future and semiconductors was one of them. While Tata has made “bold calls”, it has also said no to many, “which did not fit” them, he said.
Mr. Chandrasekaran said Tata had placed “bets for the future” one of which was Air India and “definitely on electronics and semiconductors”. Earlier, Amalgamations Group chairman A. Krishnamoorthy presented the MMA-Amalgamations Business Leadership Award 2023 to Mr. Chandrasekaran.