The Tata imprint on India’s biggest leap of faith in the tech sector — semiconductors

The year 2022 was ending. It’d been nearly a year since India has announced its ambitious $10 billion plan to kickstart semiconductor production in the country. Just one problem: there was nothing to back the ambition with on the ground.

The criticsm had started getting vocl, with some wondering whether India even had the wherewithal to become home to chip making, which is considered the most cutting edge process in the technology world today, and is controlled by a handful of companies globally. Months later, a high-profile deal between mines to minerals conglomerate Vedanta and contract manufacturer Foxconn, best known for making iPhones, has fallen through.