Tata Electronics CEO Randhir Thakur outlines the company’s ambitious $30 billion push into semiconductor fabs and advanced packaging, signaling a major manufacturing bet. The ETtech Top 5 also points to Ather’s stronger Q4 momentum, with revenue rising as the EV maker gains traction. Together, the stories highlight big capital moves in tech and electrification.
Tata Electronics is scaling semiconductor and electronics manufacturing fast, reporting strong revenue growth and profitability. The company now aims to reach a $30 billion business within five years, betting on India’s first semiconductor fab along with an assembly and test unit. Management says this push is designed to attract global customers and partners.
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Tata Electronics has taken the top spot as Apple’s largest contract manufacturer in India, scaling its workforce to about 75,000 from roughly 15,000 in two years. The leap is powered by acquisitions of Wistron and Pegatron’s local operations and fast expansion at its Hosur plant. Foxconn remains a key assembler and is poised to challenge Tata with new capacity in Tamil Nadu and Bengaluru later in 2026.
Tata Electronics says its workforce has surged to 75,000, placing it ahead of Foxconn and making it Apple’s largest contract manufacturer by headcount. The expansion is largely driven by Tata’s Hosur facility, signaling accelerating electronics manufacturing in India. Analysts also point to Tata’s strategy of shifting toward higher-value parts of the supply chain to deepen its global role.
Tata Electronics has confirmed the resignation of its head of construction, shortly after ET reported KC Ang’s departure as president and head of Tata Semiconductor Manufacturing (TSM). Sources also indicate the company has hired a new executive for the construction role, adding to a string of leadership changes across its semiconductor manufacturing setup.
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