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Update : India's Tata group is in talks with three states to invest up to $300 million to set up a semiconductor assembly and test unit
The Tata group is looking to make a foray into semiconductor manufacturing and it has set up a business to seize the opportunity. Tata sons ceo Chandrasekaran said global supply chains, currently heavily dependent on China, would see a big change in a post-pandemic world with businesses shifting their reliance to other countries. Semiconductor is currently $500 B+ worldwide market. When Tata semiconductor manufacturing will contribute to $1 trillion dollar to Indian GDP.

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