Tesla Secures Semiconductor Deal with Tata Electronics
Originally Published 1 year ago — by Yahoo Finance
Tesla has reportedly struck a deal with India's Tata Electronics to source semiconductor chips for its global operations, indicating a growing focus on the Indian market. Tata Electronics is set to become a key supplier for major global firms, bolstering India's position in the semiconductor value chain. The specifics of the deal remain undisclosed, but Tata Electronics is actively recruiting foreign professionals to enhance its semiconductor technology and operations. This move aligns with Tata's broader agenda to foster domestic technology and tap into global expertise. Meanwhile, Tesla's CEO Elon Musk is planning a visit to India to meet Prime Minister Narendra Modi and announce investments in EV manufacturing facilities, as part of the company's strategy to enter India's rapidly growing automotive market.
