Tesla strikes semiconductor deal with Tata electronics for global operations
By MYBRANDBOOK
Tesla has inked a strategic deal with Tata Electronics to acquire semiconductor chips for its global operations. This agreement is seen to be noteworthy as it positions Tata Electronics as a dependable supplier for prominent global clients aiming to establish a crucial segment of their semiconductor value chain in India. The US-based electric vehicle (EV) giant too is eager to penetrate India.
This move could be a part of Tesla's broader strategy to diversify its supply chain and establish a more significant presence in India.
The report also suggests that Tata Electronics, which leads the Tata group's entry into semiconductor manufacturing, has increased its workforce by recruiting top-level executives. Tata Electronics has established semiconductor manufacturing facilities in Hosur, Dholera, and Assam, with plans to expand operations and has invested $14 billion in the business to date.
Details about the deal, including its value and specific terms, remain undisclosed. Both Tesla and Tata have not commented on the agreement.
Elon Musk is expected to visit India soon, possibly to meet with Prime Minister Narendra Modi and discuss future investments, which also includes plans for EV manufacturing facilities in India. The billionaire is also expected to make some big announcements during his visit to India.
Tesla is expected to invest $2-3 billion in setting up manufacturing operations for electric vehicles in India.
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
TRAI targets to finalise National Broadcast Policy by May-end
The Telecom Regulatory Authority of India will finalise the National Broa...
TAC Security becomes Cyber Security Assessor for the App Defen
The cybersecurity company, TAC Security has been selected as a key Cyber ...
InterGlobe’s Rahul Bhatia and C.P. Gurnani together announce
In a move that is set to transform the AI landscape, Rahul Bhatia, Group M...
LAVA INTERNATIONAL LTD.
DELL TECHNOLOGIES INDIA PVT. LTD.
MICROTEK INTERNATIONAL PVT. LTD.
WIPRO LTD.
Technology Icons Of India 2023: Josh Foulger
Josh is the Country Head of India and MD of Bharat FIH Ltd (A Foxconn ...
Technology Icons Of India 2023: Lt Gen (Dr.) Rajesh Pant (Retd.)
LT Gen(Dr.) Rajesh Panth (Retd.), National cyber security coordination...
Technology Icons Of India 2023: Nandan Nilekani
Nandan Nilekani is the Co-Founder and Chairman of the Board, Infosys T...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
Aadhaar: Architecting the World's Largest Biometric Identity System
The Unique Identification Authority of India (UIDAI) is a statutory au...
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
WPG C&C COMPUTERS & PERIPHERALS PVT. LTD.
WPG C&C Computers & Peripherals (India) was incorporated in 2008 and ...
TECHNOBIND SOLUTIONS PVT. LTD.
TechnoBind’s business model is focused on identifying and partnering...