New Delhi, Sept. 17 -- Tata Electronics CEO and MD Randhir Thakur stated that the recent Memorandums of Understanding (MoUs) represent mutual operational commitments rather than immediate financial returns, serving as an anchor for the company's manufacturing network.

Speaking to ANI on the sidelines of Semicon India 2026, Thakur highlighted that Tata Electronics has entered into agreements with 16 companies so far. He added that these MoUs signed with international partners and customers form the foundation of ongoing operational expansion across multiple manufacturing locations.

"I think these MoUs, first of all, some of them are by our customers, and our customers are so critical for us for the future, and these MoUs mean a lot to us...