N. Chandrasekaran appointed Chairman of Tata Electronics

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N. Chandrasekaran, the current chairman of Tata Sons, will also serve as the chairman of Tata Electronics.

An Overview of the News

• Chandrasekaran will replace Banmali Agarwal in this role, pending regulatory approval.

• Chandrasekaran's appointment reflects the Tata Group's commitment to the semiconductor business.

Key appointments at Tata Electronics:

• Chandrasekaran was instrumental in recruiting former Intel Foundry Services veteran Randhir Thakur as CEO and MD of Tata Electronics.

• Srinivas Satya, previously at Applied Materials, joins as chief supply chain officer and president of the components business.

International Talent Acquisition:

• Tata Electronics has recruited 50-60 top-level expatriates, leveraging their expertise in semiconductor technology, strategic planning, and design.

Tata Electronics expansion and facility acquisition:

• The company, established in 2020, is Apple's sole Indian vendor to assemble iPhone enclosures.

• Tata Electronics is expanding its existing facility in Hosur, Tamil Nadu, and has acquired a facility in Karnataka from Taiwan's Wistron.

• Plans are underway to acquire Pegatron facility in Tamil Nadu to further expand production capacity.