Prime Minister Narendra Modi met with the leadership team of Tata Sons and PSMC to discuss semiconductor manufacturing projects in the country. This comes in the wake of Tata Electronics concluding an agreement with the Taiwanese powerchip company for technology support to the tech major’s Dholera wafer fab.
“Had a great meeting with the leadership team of Tata Sons and PSMC. They shared updates on their Semiconductor manufacturing projects. PSMC expressed enthusiasm to further expand its footprint in India,” said PM Modi on social media.
As per the agreement, PSMC will provide design and construction support to build India’s first AI-enabled greenfield fab in Gujarat, licence a broad portfolio of technologies and provide engineering support to the fab unit.
In a statement, Tata Sons Chairman N Chandrasekaran said that PSMC’s technology and expertise will significantly accelerate Tata Electronics’ roadmap to pioneer semiconductor manufacturing in India. “It will position us to play a key role in the growing semiconductor market to serve global customers," he said.
PSMC CEO Frank Huang said, “This partnership represents a win-win situation, as it positions PSMC and the Taiwanese ecosystem to gain a significant first-mover advantage in the rapidly expanding Indian market while helping India achieve self-reliance in semiconductor manufacturing.”
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
