Tata Group and Analog Devices agree strategic alliance

Tata Electronics, Tata Motors, and Tejas Networks 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 including electric vehicles and network infrastructure. The companies also agreed to have discussions around strategic roadmap alignment.

ADI said the joint effort is a significant step in establishing a robust electronics manufacturing ecosystem in India for domestic and global markets.

In a statement, 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."

MORE FROM POLICY & BUSINESS

Tata Electronics is investing in its own facilities by building India's first fab in Dholera, Gujarat with a total investment of $11bn. In addition, Tata Electronics will be investing another $3bn in a greenfield facility in Jagiroad, Assam for the assembly and testing of semiconductor chips.