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Tata Electronics is reportedly in talks with global semiconductor players X-Fab, DNeX and Globetronics to acquire fabrication or outsourced semiconductor assembly and test (OSAT) facility in Malaysia.
An ET report said that Tata Semiconductor Manufacturing’s recently appointed president and head KC Ang will be leading the deal.
For the uninitiated, Tata Semiconductor Manufacturing is the semiconductor foundry business of Tata Electronics.
“Globetronics and DNeX’s SilTerra facility are among the front runners to be acquired by Tata Electronics,” one of the sources told ET.
Inc42 has reached out to Tata Electronics for comments on the development. The story will be updated based on the response.
The acquisition is aimed at boosting Tata group company’s knowledge and talent base ahead of its foray into the semiconductor assembly and packaging business in India, the report added.
The Tata group is investing heavily in the Indian semiconductor industry. It is building India’s first semiconductor fab in Gujarat’s Dholera, with a $11 Bn investment. Additionally, it is investing $3 Bn in a facility in Assam for the assembly and testing of semiconductor chips. This project in Assam will focus on OSAT activities.
(The story will be updated soon)
The post Tata Electronics Plans Malaysia Entry Through Chip Fab Buyout appeared first on Inc42 Media.
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