News Brief
Tesla Is Set To Diversify Supply Chain By Making Tata Electronics Its Strategic Partner For Semiconductor Chips: Report
Bhuvan Krishna
Apr 15, 2024, 10:11 AM | Updated 10:09 AM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Tesla has reportedly entered into a strategic agreement with Tata Electronics for the supply of semiconductor chips for its global operations, as per a report by The Economic Times.
While the specifics of the deal, including its value and terms, remain undisclosed, this move is seen as part of Tesla's strategy to diversify its supply chain and establish a significant presence in India.
Tata Electronics, leading Tata group's foray into semiconductor manufacturing, has been expanding its workforce by recruiting top-level executives.
The company has also set up semiconductor manufacturing facilities in Hosur, Dholera, and Assam, with plans for further expansion. To date, Tata Electronics has invested $14 billion in its semiconductor business.
Meanwhile, Elon Musk is scheduled to visit India on 21 and 22 April, during which he will meet with Prime Minister Narendra Modi and is expected to make major announcements.
These announcements may include the launch of the Starlink service in India and plans to invest between $2 billion to $3 billion in the country.
According to the same report, Musk is likely to be accompanied by other senior executives from Tesla during his visit.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Bhuvan Krishna is Staff Writer at Swarajya.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.