Intel signs $14 billion deal with India's Tata Electronics

Intel has bagged yet another multi-billion dollar deal, this time, to expand into one of the world's most sought-after markets. It has teamed up with India's Tata Group to manufacture semiconductors in the Indian states of Gujarat and Assam. While the exact node isn't specified, it won't be anything cutting-edge. Additonally, the Memorandum of Understanding (MoU) is in its initial stages, and the actual fab might take years to materialize. Reuters reports the deal is worth $14 billion. Intel CEO Lip-Bu Tan issued the following statement:

Intel's technology has driven decades of advancement in computing, and as we continue to innovate, our ambition is to broaden our reach, accelerate growth, and deliver even greater value to our customers. We see this as a tremendous opportunity to collaborate with Tata to rapidly scale in one of the world's fastest-growing compute markets, fuelled by rising PC demand and rapid AI adoption across India.

In addition to manufacturing semiconductors, Intel and Tata will also develop custom AI PC solutions for local markets. The partnership comes as a much-needed reprieve for the Indian semiconductor manufacturing market, which has previously been snubbed by market leaders like TSMC and Samsung. It will serve as a proof of concept and hopefully serve as an incentive for other companies to follow suit.