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During an investment summit in Gujarat in January, Tata Sons Chairman N Chandrasekaran announced that the group would build a massive semiconductor fab in Dholera to start operations in 2024.
This comes amid ongoing efforts by the Indian government to boost local semiconductor manufacturing, and announcements from companies such as Micron to set up OSAT plants.
Two years after India brought in a scheme to promote semiconductor manufacturing, it is yet to approve a chip fab application. But a strong foundation has been laid - Issue Date: Feb 04, 2024
While Foxconn has expertise in manufacturing, and HCL has been working on the design side, the JV would still require a technology partner to get the government’s approval for incentives