Tata Sons will choose Singapore as a ‘key partner’ for its semiconductor plans, a senior minister from the city-state said on Friday. Speaking to reporters after a meeting with Tata Sons Chairman N Chandrasekaran earlier in the day, Singapore’s minister for home affairs and law K Shanmugam said semiconductors were a ‘big discussion’ point during the meeting.
“If they (Tatas) want to, they can do business with anybody in the world. It’s not that they need to do it in Singapore, but they will, I think, choose Singapore as a key partner, not only partner, but as a key partner,” Shanmugam said.
Shanmugam, along with the minister for manpower and second minister for trade and industry Tan See Leng, is on a day-long visit to the financial capital.
The South East Asian country is a ‘serious and reliable player’ in the international semiconductor industry, he said, adding that the Tata Group has been present in Singapore for over five decades.
Singapore or entities based in the country command a 20 percent share in the semiconductor equipment production globally, the visiting minister said.
(Source: PTI)
