New Delhi, Feb. 29 -- Tata Sons chairman N Chandrasekaran on February 28 said that the conglomerate is set to announce a semiconductor chip fab with a substantial investment "very soon", as per an Economic Times report.

On the group's "forward-looking approach", Chandrasekaran cited investments in Air India and the electronics and semiconductor sector. He, however, did not provide details on plans for the semiconductor manufacturing facility, it added.

Chandrasekaran was speaking at the 20th Anantharamakrishnan Memorial lecture on 'India's Leadership in a Pivotal Decade' after receiving the MMA-Amalgamations Business Leadership Award 2023.

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