Indian firms target overseas assets to fast-track semiconductor ambitions

Strategic overseas acquisitions by India’s nascent semiconductor companies are set to emerge as a key enabler for the country’s ambitions in chip manufacturing and assembly, ensuring access to proprietary expertise, precision equipment, and critical intellectual property, experts told ET.

Indian firms including Tata Electronics and L&T Semiconductor Technologies (LTSCT) have recently made significant moves to acquire foreign assets even as they invest in greenfield facilities within the country.

These acquisitions bring experienced engineering…