NEWS

Amid $14 bn semiconductor push, N Chandrasekaran to chair Tata Electronics

By VARINDIA - 2024-05-13

The Chairman of Tata Sons, N Chandrasekaran is set to assume the additional role of Chairman at Tata Electronics. This development comes as Tata Electronics earmarks around $14 billion towards venturing into the semiconductor industry.

Chandrasekaran will succeed Banmali Agrawala, who has served in this post for the past few years, while the latter will now take on an advisory role within the group.

Recently, Tata Electronics has roped in former Intel Foundry Services veteran, Randhir Thakur as its CEO and MD. With this the company enhances its capabilities in semiconductors. Also, the company has appointed Srinivas Satya, who was earlier associated with Applied Materials and heading the semiconductor products, as Chief Supply Chain Officer and President of Components Business.

Industry experts anticipate exponential growth for Tata Electronics, backed by Chandrasekaran’s visionary guidance and strategic hires. With a focus on attracting top-tier global clients and enhancing technological capabilities, Tata Electronics aims to lead India’s electronics manufacturing landscape.