- Semiconductor pioneer partners with Indian conglomerates: A potential game-changer for India’s chip aspirations.
- Tower’s technological prowess combined with Indian enterprise might be the winning formula the semiconductor industry needs.
Tower Semiconductor, a global leader in the semiconductor sector, is poised to collaborate with prominent Indian business houses. This comes after high-level discussions between the company’s CEO, Russell C. Ellwanger, and India’s Union Minister of State, Rajeev Chandrasekhar. This potential partnership signifies India’s ambitious strides into the chip manufacturing domain.
Over the past week, Chandrasekhar’s diary was filled with significant meetings including top executives Arundhati Bhattacharya, Chairperson and CEO of Salesforce India; Vishal Dhupar, Managing Director, Asia South of NVIDIA; and Som Satsangi, VP and Managing Director of Hewlett Packard Enterprise. Yet, the meeting with Ellwanger is particularly crucial for India’s semiconductor goals. Their discussions, supported by Naor Gilon, Israel’s Ambassador to India, focused on a promising India-Tower semiconductor alliance.
In the backdrop, the International Semiconductor Consortium, boasting Tower Semiconductor’s membership, expressed interest in India’s semiconductor initiative. A potential acquisition of Tower by Intel caused a pause in proceedings. But with the deal no longer on the table, the Ministry of Electronics and IT has rekindled its liaison with Tower.
Boasting a top rank in global foundry revenue, Tower Semiconductor specializes in high-value analog circuits, catering to diverse sectors, from automotive and aerospace to defense and medical. Their consistent willingness to bolster India’s semiconductor ecosystem is noteworthy. Earlier affiliations with Jaypee Group and the International Semiconductor Consortium affirm Tower’s commitment.
Though setting up an independent foundry might be financially challenging for Tower, their expertise makes them a coveted tech partner for Indian firms venturing into semiconductors. Speculations are also rife about potential acquisitions by Indian business magnates, including the Tata Group and Reliance, as they explore this dynamic chip landscape.