Computer chip shortages around the world are affecting many manufacturing markets and companies. There is currently a huge shortage of chips used especially in many consumer electronics products such as automobile chips, headphones, monitors.
To overcome this situation, the Tata Group has decided to commercialize this shortage. The Tata Group management, led by N. Chandrasekaran, Chairman, Tata Sons, the parent company of the Yes Group, has decided to venture into the semiconductor manufacturing sector and form a new company.
Tata Group in Semiconductor Manufacturing
Chandrasekaran talks about entering the semiconductor manufacturing sector and creating a new company for this purpose.
Pioneer in new business
For example, Tata is expected to become a pioneer in semiconductor manufacturing, following in the footsteps of electronics manufacturing and 5G network equipment.
Global supply chain
At present, the world relies solely on China in the global supply chain segment, but this situation is set to change completely in the emerging trade market after Corona. Chandrasekaran told the IMC annual trade meeting that large-scale trade would shift from China to other countries.
Great opportunity for India
At a time when the global supply chain is being restructured, India has the potential to benefit greatly. Tata Group has already set up a factory to manufacture high-tech electronics products in India.
$ 1 trillion GDP
Chandrasekaran said the production of electronics products in India would not only increase the country’s GDP to $ 1 trillion but also create billions of jobs.
Chip shortage in automobile companies
In this situation, while automobile companies around the world were paralyzed due to chip shortages, Tata Motors was also affected. Chandrasekaran said it was in this predicament that the Tata Group decided to go into semiconductor production.
Semiconductor production and India …
The semiconductor is used in many places in automobile production Fuel level sensor is used in many places from the digital speedometers to the navigation systems. But manufacturing semiconductors requires huge investments, while there is not a single company in the industry in India.
Anil Agarwal Vedanta Group
As the Vedanta Group has recently been at the forefront of the competition to acquire Videocon, Vedanta has announced that it plans to die in semiconductor production. Thus it is clear that there is not even a single company in India in the field of semiconductor manufacturing.
Tata Group Semiconductor Manufacturer
Tata Group plans to manufacture the semiconductor and initially export it to Tata Motors, Tata Power, and subsequently to companies around the world in line with the available trade.
Not bad for investment
Not only this, but with the Tata Group also having Jaguar Land Rover, the Tata Group is confident in the production of semiconductors as the investment is not bad.
Jaguar Land Rover
Problem Jaguar Land Rover recently announced that car production has been hit hard by chip shortages. It said there would be a sharp decline in trade in the July-September quarter due to the inability of those who have booked cars to deliver on the day.
Indian Automobile Companies
The same problem is with the leading automobile manufacturer in India. The waiting time for those who have booked the top variant car in all the leading automobile brands in India has increased more than ever. Currently, the top variant cars in the Indian market have to wait for a period of 3 to 6 months.
Consumer Electronics products
The Tata Group has decided to turn this business problem into a business as it is a similar problem not only in the automobile sector but in all consumer electronics companies. What is your opinion about this decision of Tata Group ..?!
Tata Chandrasekaran led by Chandrasekaran
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