Tesla signs Indian chip supply deal with Tata, says report
Electric vehicle maker Tesla Inc. (Austin, Texas) has signed a deal with India’s Tata Electronics to supply semiconductor chips, according to The Economic Times, which referenced unnamed government officials.
Tata Electronics is a subsidiary of the steel to automotive conglomerate Tata Group which does not yet have any semiconductor manufacturing capability. It however has entered into a partnership with Taiwan’s Powerchip and is expected to receive a 70 percent government subsidy to build a a US$14 billion wafer fab in Dholera, Gujurat (see Tata’s Indian fab to produce silicon in 2026, say reports).
Details of the agreement have not been disclosed but Elon Musk, CEO of Tesla, is expected to fly to India to meet with Prime Minister Narendra Modi and discuss future investments, including plans for electric vehicle manufacturing in India. Tesla is expected to spend between US$2 billion and US$3 billion setting up manufacturing operations in India.
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