Debt financing
Tata Semiconductor raises Rs.6,835-Cr from 5 banks for chip fabrication facility
Tata Semiconductor Manufacturing (TSML) has raised INR 6,835 crore (approximately USD 735 million) from five foreign banks to finance its semiconductor fabrication facility. The lenders - HSBC, MUFG, First Abu Dhabi Bank, DBS, and ANZ - conducted the transaction through their branches in Gandhinagar's GIFT City.TSML, a wholly-owned subsidiary of Tata Electronics, was set up in November 2023. The funds are for its INR 91,000 crore semiconductor fabrication (fab) facility in Dholera, Gujarat. Additionally, TSML is establishing an outsourced semiconductor assembly and testing(OSAT)) facility in Jagiroad, Assam, with a net investment of INR 27,000 crore.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
