Tata Sons chairman said that the company is close to announcing plans for a new semiconductor plant in Gujarat. (REUTERS)

Tata Group intends to construct a semiconductor facility in Gujarat.

During an investment summit held on Wednesday, Natarajan Chandrasekaran, the chairman of Tata Sons, revealed that the Tata Group is on the verge of disclosing its intentions to establish a semiconductor fabrication facility in Gujarat. This marks the second significant endeavor by Tata within a short period, following its achievement of becoming the initial Indian firm to produce iPhones by acquiring the Wistrom plant near Bengaluru for an estimated $125 million. Tata Group is building a semiconductor plant The comments came at the Vibrant Gujarat Global Summit, a business event…

After rumors last year, Tata is now acquiring Winstron's India operations and plans to begin iPhone production within two and a half years.

News

Tata Takes Over Wistron’s India Operations To Manufacture iPhones For Global Markets

Adarsh V.KOctober 27, 23iPhone, Tata

Tata Group will start manufacturing Apple iPhones in India to export to the global market within two-and-a-half years. Rajeev Chandrasekhar, India’s Minister of State for Electronics and Information Technology, praised Prime Minister Narendra Modi’s PLI scheme and said, “In just two and a half years, Tata Companies will start manufacturing iPhones in India for the domestic and global markets.” “Congratulations to the Tata team for taking over Wistron operations,” he added. PM @narendramodi Ji’s visionary PLI scheme has already propelled India into becoming a trusted & major hub for smartphone…

According to a report from Bloomberg, Wistron has committed to shipping iPhones worth at least $1.8 billion (roughly Rs. 14,800 crore) from the factory in the fiscal year through March 2024 to win state-backed financial incentives.

News

Tata Group Reportedly To Be India’s First Domestic iPhone Maker

Adarsh V.KJuly 12, 23Apple, Tata

In August, Tata Group is said to be finalizing the acquisition of a factory owned by an Apple supplier. The Wistron facility, located in Karnataka and valued at more than $600 million, will be taken over by Tata, making it the first domestic company to manufacture iPhones. Presently, the factory employs a workforce of over 10,000 individuals who are responsible for assembling the iPhone 14 model. According to a Bloomberg report, Wistron has committed to ship iPhones worth at least $1.8 billion (about Rs 14,800 crore) from the factory in…