Tata chairman's shock exit move puts JLR owner's bets on chips, iPhones and Air India at risk

India’s Tata Sons chairman N. Chandrasekaran said he will no longer seek reappointment, creating uncertainty around several early-stage, capital-intensive bets by the group. The future of India’s first semiconductor plant—planned in 2024 with a reported $11 billion investment alongside Taiwan’s Powerchip Semiconductor Manufacturing Corp—and Tata’s push into iPhone manufacturing through acquisitions of Wistron and Pegatron could be affected. Tata also owns Air India, acquired in 2022. The article links the risk to Chandrasekaran’s departure with lingering losses from these initiatives, while Tata Consultancy Services faces pressure from the impact of AI. Boardroom tensions reportedly exist with Tata Trusts over capital allocation.