Representative ImageRelatedMotherson Sumi Wiring shares hit lower circuit for second dayMotherson Sumi Wiring to ride ‘higher premiumisation’ waveMotherson Sumi Wiring going to see exponential growth: Vivek Chaand SengalWhy it’s time to give India’s Tariff Commission more teethGEF Capital raises $200 million for climate-focused investmentsThe $10-billion Samvardhana Motherson Sumi Group is eyeing an entry into the semiconductor space and is scouting for a global partner. The Indian conglomerate, with 29 different joint ventures, has already acquired 300 acres on the outskirts of Chennai to help achieve the government’s Make in India objective and build capabilities in an industry that provides significant content to each new-age vehicle. The group plans to invest $1 billion in the next three years as part of its capex plan. Laksh Vaaman Sehgal, vice-chairman, Samvardhana Motherson, told ET that the investment to get into semiconductor manufacturing is lar...