Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

ADVANCED MICRO DEVICES, INC.

(AMD)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Exclusive-India's Tata in talks to set up $300 million semiconductor assembly unit-sources

11/26/2021 | 03:46am EST
FILE PHOTO: N Chandrasekaran, Chairman of Tata Sons, speaks at the unveiling of Tata Motors HBX compact SUV at the India Auto Expo 2020 in Greater Noida

NEW DELHI (Reuters) - India's Tata group is in talks with three states to invest up to $300 million to set up a semiconductor assembly and test unit, two sources familiar with the matter said, as part of the conglomerate's push into high-tech manufacturing.

Tata is talking to the southern states of Tamil Nadu, Karnataka and Telangana and scouting for land for the outsourced semiconductor assembly and test (OSAT) plant, the sources said, declining to be identified as the matter is not public.

While Tata has previously said it would likely enter the semiconductor business, this is the first time news about the group's foray into the sector and its scale has been reported.

An OSAT plant packages, assembles and tests foundry-made silicon wafers, turning them into finished semiconductor chips.

Tata has looked at some potential locations for the factory, one of the sources said, adding a venue was likely to be finalised by next month.

"While they (Tata) are very strong on the software side of things ... hardware is something they want to add to their portfolio, which is very critical for long-term growth," the source said.

Tata group and the three states did not respond to requests for comment.

Tata's push will bolster Indian Prime Minister Narendra Modi's 'Make in India' drive for electronics manufacturing, which has already helped turn the South Asian nation into the world's second-biggest maker of smartphones.

The Tata group, which controls India's top software services exporter Tata Consultancy Services and has interests in everything from autos to aviation, plans to invest in high-end electronics and digital businesses, its Chairman N. Chandrasekaran has previously said.

Potential clients of Tata's OSAT business include companies such as Intel, Advanced Micro Devices (AMD), and STMicroelectronics.

The factory is expected to start operations late next year and could employ up to 4,000 workers, the source said, adding availability of skilled labour at the right cost was key to the long-term viability of the project.

"Once Tata starts, the ecosystem will come around ... So it's very critical to find the right place from a labour standpoint," the source said.

Separately, Tata is already building a high-tech electronics manufacturing facility in southern Tamil Nadu state.

(Reporting by Sankalp Phartiyal; Editing by Mark Potter)

By Sankalp Phartiyal


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. -2.77% 128.27 Delayed Quote.-10.86%
INTEL CORPORATION -2.08% 53.62 Delayed Quote.4.12%
TATA CONSULTANCY SERVICES LTD. -2.25% 3826.55 Delayed Quote.4.72%
All news about ADVANCED MICRO DEVICES, INC.
06:52aSOCIAL BUZZ : Wallstreetbets Stocks Rise Premarket Thursday
MT
05:37aANALYST RECOMMENDATIONS : Activision Blizzard, AMD, Bumble, Etsy, Ford...
05:07aPiper Sandler Lowers AMD to Neutral From Overweight, Price Target to $130 From $140
MT
01/19Advanced Micro Devices Set to 'Modestly Exceed' Q4 Estimates, Wedbush Says
MT
01/19New AMD Radeon PRO W6000 Series Graphics Unleash High-Efficiency, Powerful CAD Performa..
AQ
01/19SOCIAL BUZZ : Wallstreetbets Stocks Mostly Higher Pre-Bell Wednesday
MT
01/18AMD to Report Fiscal Fourth Quarter and Full Year 2021 Financial Results
AQ
01/18SOCIAL BUZZ : Wallstreetbets Stocks Follow Broader Market Lower; Activision Blizzard Jumps..
MT
01/18Cowen Adjusts AMD's Price Target to $150 From $145, Keeps Outperform Rating
MT
01/18SOCIAL BUZZ : Wallstreetbets Stocks Start the Week in the Red
MT
More news
Analyst Recommendations on ADVANCED MICRO DEVICES, INC.
More recommendations
Financials (USD)
Sales 2021 16 134 M - -
Net income 2021 3 017 M - -
Net cash 2021 4 037 M - -
P/E ratio 2021 52,3x
Yield 2021 -
Capitalization 155 B 155 B -
EV / Sales 2021 9,35x
EV / Sales 2022 7,70x
Nbr of Employees 12 600
Free-Float -
Chart ADVANCED MICRO DEVICES, INC.
Duration : Period :
Advanced Micro Devices, Inc. Technical Analysis Chart | AMD | US0079031078 | MarketScreener
Technical analysis trends ADVANCED MICRO DEVICES, INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 39
Last Close Price 128,27 $
Average target price 141,81 $
Spread / Average Target 10,6%
EPS Revisions
Managers and Directors
Lisa T. Su President, CEO & Non-Independent Director
Devinder Kumar Chief Financial Officer, Treasurer & Executive VP
John Edward Caldwell Chairman
Mark D. Papermaster CTO, Executive VP-Technology & Engineering
Keivan Keshvari Senior Vice President-Global Operations
Sector and Competitors
1st jan.Capi. (M$)
ADVANCED MICRO DEVICES, INC.-10.86%154 900
NVIDIA CORPORATION-14.77%626 675
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED6.34%613 504
BROADCOM INC.-15.24%232 849
INTEL CORPORATION4.12%218 073
QUALCOMM, INC.-5.69%193 166