Tata Electronics, PSMC sign pact for Rs 91,000 cr chip manufacturing unit

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Tata Electronics, PSMC sign pact for Rs 91,000 cr chip manufacturing unit - Business Standard

Quick Summary:

Tata Electronics on Thursday said it has concluded an agreement with Taiwan-based Powerchip Semiconductor Manufacturing Corporation, which will provide technology support for the Dholera wafer fab of the Indian tech major.

As per the agreement, PSMC will provide design and construction support to build India's first AI-enabled greenfield fab in Gujarat, license a broad portfolio of technologies and provide engineering support to the fab unit.

"We are pleased to partner with PSMC, whose technology and expertise will significantly accelerate our roadmap to pioneer semiconductor manufacturing in India.