Tata Group Chairman Shares Plans of Stepping Into 5G Chipset Manufacturing

Apart from the existing big tech groups like Reliance Jio in the industry, Tata Group is another big name in the industry when it comes to telecom equipment manufacturing. However, in a new move, Tata Group chairman N Chandrasekaran said that the company is looking to make a foray into semiconductor manufacturing in India. The exec also added that the total opportunity for the business venture is north of USD 1 trillion, and Tata Group has already set up a business to acquire this market. Currently, Tata Group’s valuation soars north of $ 100 billion with presence all over the world. It’s only been a few days since Tata Group announced its entry into 5G equipment manufacturing and has already started making some acquisitions of businesses to grow Tata Digital Services.

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Chipset Manufacturing to be a Viable Business Avenue

Chandrasekaran also added that delving into the silicone business meant more than just designing chipsets and includes a vast array of things. He also said such a business requires high investment and facilities, which India currently lacks. Further, explaining the rationale, he said that with the pandemic raging, a lot of companies would look to shift their reliance away from China to different countries for their chipset needs; that is why India becomes the second base which is a huge opportunity.

He remarked that India could benefit greatly from the geopolitical shifts that are happening in the world and most opportunities lay in the fields of high-tech manufacturing of electronics, precision manufacturing, assembly and testing and semiconductors in the medium term. The report comes from PTI. He made these statements at the IMC Chamber of Commerce and Industry’s AGM.