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The future of India's first semiconductor plant and the country's ambition to replace China as a major supplier to Apple
face growing uncertainty after Tata Sons Chairman N. Chandrasekaran said he would no longer seek another term.
Tata Group has made some of the "largest capital commitments" under Chandrasekaran's leadership, which in the latest letter to shareholders he described as the building blocks for India's road to becoming a developed country by 2047.
Tata Sons, the holding company of Tata Group, also acquired beleaguered national carrier Air India in 2022, started iPhone production after buying Wistron and Pegatron, reportedly overtaking Taiwanese company Foxconn's India unit to become the country's largest Apple supplier.
