Tata Sons pumps in Rs 1,100 crore in Tata Electronics
Holding company of the Tata Group, Tata Sons has infused Rs 1,100 crore into its Apple iPhone and semiconductor manufacturing business, Tata Electronics. The capital will fund ongoing capital expenditure in semiconductor businesses.
This investment aligns with Tata Electronics combining a fast-growing smartphone manufacturing business with investments in semiconductor fabrication, assembly, and testing. It follows an earlier investment of Rs 1,500 crore in March.
Also Read: LTSCT and Tata Electronics join hands to develop semiconductor chips in India