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At the Gujarat Semiconnect summit in Gandhinagar, Tata Electronics signed a Memorandum of Understanding (MoU) with Taiwan-based Himax Technologies, Inc. and Powerchip Semiconductor Manufacturing Corporation (PSMC) to establish a display chip manufacturing facility in Gujarat. This facility will produce display chips for Himax, utilizing PSMC’s advanced semiconductor technology.
The collaboration aims to integrate the strengths of Tata Electronics, Himax, and PSMC to develop comprehensive display semiconductor solutions, covering chip design, manufacturing, packaging, and electronics manufacturing services (EMS) for both Indian and global markets. The companies will also work on next-generation technologies to enhance supply chain resilience and support India's "Made in India" initiative.
Building on Tata Electronics and PSMC’s 2024 agreement to develop semiconductor manufacturing capabilities in Dholera, this new MoU paves the way for advanced display solutions catering to domestic and international markets.
Dr. Randhir Thakur, CEO and MD of Tata Electronics, highlighted the partnership's strategic significance, emphasizing that the combination of Tata Electronics’ expertise, Himax’s specialization in display semiconductors, and PSMC’s advanced manufacturing capabilities will drive innovation in display and ultralow power AI sensing technologies.
Himax CEO Jordan Wu underscored India's growing role in global electronics manufacturing, stating that the collaboration will bolster supply chain resilience while supporting India's semiconductor ambitions. PSMC President Martin Chu added that PSMC’s semiconductor fabrication technologies align with India's "Made in India" vision, further expanding market opportunities in display semiconductors and ultralow power AI sensing.
During the event, a fiscal support agreement (FSA) was signed between the India Semiconductor Mission (ISM) and Tata Electronics to provide financial assistance for a semiconductor fabrication unit in Dholera, with an investment of ₹91,526 crore. Additionally, Tata Electronics and IIT Gandhinagar signed an MoU for semiconductor skill development initiatives.
In a separate development, Tata Electronics signed an MoU with Taiwan Surface Mounting Technology (TSMT) to set up a new Electronics Manufacturing Service (EMS) unit in Gujarat, with an investment exceeding ₹500 crore. The project is expected to generate approximately 1,000 new jobs.
News by Rahul Yelligetti.
