Tata Electronics, Tata Motors, and Tejas Networks have signed a Memorandum of Understanding (MoU) with ADI to enhance strategic and business cooperation, explore opportunities for semiconductor manufacturing in India, and use ADI's products in Tata applications like electric vehicles and network infrastructure.
The companies have agreed to start strategic roadmap alignment discussions.
The joint effort is being seen as a significant step in establishing a robust electronics manufacturing ecosystem in India both for domestic and global consumption.
N Chandrasekaran, Chairman of Tata Sons, said, "The Tata Group is deeply committed to pioneering a thriving semiconductor industry in India. 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."
"At ADI, we are thrilled to join efforts with the Tata Group in advancing India's semiconductor ecosystem,” said Vincent Roche, CEO and Chair at ADI. He continued, “This joint effort aligns with our commitment to innovation and sustainable growth in the region. 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.”
Tata Electronics is currently investing in its own facilities by building India's first fab in Dholera, Gujarat with a total investment worth $11 billion. In addition, the company will be investing another $3 billion in a greenfield facility in Jagiroad, Assam for the assembly and testing of semiconductor chips.
According to the MoU, Tata Electronics and ADI intend to explore opportunities to manufacture ADI's products in Tata Electronics' fab in Gujarat and OSAT in Assam.
Tata Motors and ADI intend to explore opportunities for engagement in electronics hardware components for energy storage solutions and power electronics in both commercial and passenger vehicle businesses, while Tejas Networks and ADI intend to explore opportunities for engagement in electronics hardware components for network infrastructure.
