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NEW DELHI : Billionaire Mukesh Ambani's Reliance Industries has begun exploring a foray into semiconductor manufacturing, a move that could address its supply chain needs and cater to growing chip demand in India, two people familiar with its strategy said.The telecoms-to-energy conglomerate, encouraged b
Reliance Industries is reportedly looking to enter the semiconductor manufacturing industry to address its supply chain needs and meet the growing chip demand in India. It has held early-stage talks with foreign chipmakers to potentially become technology partners. Reliance's interest in semiconductors is fueled by the aim to safeguard against chip shortages that could impact its telecom and electronic devices businesses.
Reliance sees merit in getting into semiconductors as the move would help safeguard against chip shortages that could affect its telecom and electronic devices.
The telecoms-to-energy conglomerate, encouraged by the Indian government, has held early-stage talks with foreign chipmakers that have the potential to become technology partners, said one of the people who has direct knowledge of the plans.
A 57-year-old Khar woman lodged an FIR on Tuesday at the Khar police station against the directors of Orbit Ventures Developers including Dhruv (55) and three others.