New Delhi, Dec 8 (PTI) US-based chip maker Intel has signed an agreement with Tata Group to manufacture and assemble semiconductors in India for the local market, the Indian conglomerate said on Monday.

Under the agreement, Intel and Tata intend to explore the opportunity to rapidly scale tailored AI PC solutions for consumer and enterprise markets in India, which is projected to be one of the top five markets globally by 2030.

"Intel and Tata intend to explore manufacturing and packaging of Intel products for local markets at Tata Electronics' upcoming Fab and OSAT (Outsourced Semiconductor Assembly and Test) facilities, as well as a collaboration for advanced packaging in India," the Tata Group statement said.

Tata Group is setting up a chip manufacturing plant in Dholera, Gujarat, an

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