Tesla Signs Deal With Tata Electronics for Semiconductor Chips

New Delhi: For the procurement of semiconductor chips for its global operations, Tesla has reportedly signed a strategic deal with Tata Electronics, reported The Economic Times.

As per the report, the details of the deal as well as its value and terms, remain undisclosed.

This deal is part of Tesla’s strategy to establish a significant presence in India.

Tata Electronics leads Tata group’s entry into semiconductor manufacturing. Tata Electronics has established semiconductor manufacturing units in Hosur, Dholera and Assam. The company has invested $14 billion in the business to date, the report added.

Tesla head Elon Musk will visit India on April 21 and 22. He is expected to meet PM Modi and make major announcements including the launch of the Starlink service in India and plans to invest between $2 billion to $3 billion.