Investment in Semiconductor Chips Essential for Business Growth, According to N Chandrasekaran
NEW DELHI: Tata Sons chairman N Chandrasekaran emphasized the importance of investments in semiconductors and electronics for India’s future, despite the likelihood that these sectors may not yield immediate financial returns. Speaking at a Bloomberg event, he likened the current investments in chips and electronics to the Tata Group’s historical ventures into steel and hydropower in the early 1900s.
Chandrasekaran acknowledged that while some decisions may face scrutiny, the long-term vision remains crucial. He stated, “Many decisions have been taken by various chairmen in the group, which have all proved to be right in the long-term.” He noted that the necessity for chips is undeniable, asserting that the focus should not solely be on short-term financial metrics. “Direction is certain, the need is certain, the ability to execute is certain,” he added.
The chairman’s remarks come amid an ongoing boardroom conflict involving Tata Trusts chief Noel Tata, who has raised concerns about losses in sectors like aviation and semiconductors. Chandrasekaran, who is vying for a third term starting in February, highlighted the resilience built into the Tata Group’s operations. He pointed out that despite facing significant disruptions, including an air crash and a cyberattack, the group is on track to achieve double-digit growth while maintaining margins.
He also addressed broader concerns, identifying war and the potential misuse of technology as significant issues, alongside the impact of labor restructuring.
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