Tata Electronics In Talks To Raise Up To $2 Billion For Semiconductor Expansion

<b>Tata Electronics</b> is in initial talks with domestic and international lenders to raise up to $2 billion through multiple loan tranches to support its expansion plans. The initial tranche is likely to be up to $800 million. The company partnered with Taiwan's <b>Powerchip Semiconductor Manufacturing Corporation</b> to establish a semiconductor plant in Dholera, Gujarat. Estimated at ₹91,000 crore, the facility will have a planned capacity of 50,000 wafer starts per month. It will manufacture 12-inch wafers for power management chips and microcontrollers. The project is funded through equity, debt, and subsidies from the central and <b>Gujarat governments</b>.