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India’s TEL and Taiwan’s PSMC ink pact for technology transfer for semiconductor fabricating unit

Friday, 27 September 2024 15:28:00 (GMT+3)   |   Kolkata
       

India’s Tata Electronics Limited (TEL) and Powerchip Semiconductor Manufacturing Corporation (PSMC) of Taiwan, have signed a definitive agreement for semiconductor manufacturing technology transfer to India, according to a statement issued by TEL on Friday, September 27.

Under the agreement, PSMC will provide design and construction support to build India’s first AI-enabled state-of-the-art greenfield semiconductor fabrication unit in the western state of Gujarat and license a broad portfolio of technologies and provide engineering support to successfully transfer licensed technologies to the unit.

The unit will have a manufacturing capacity of up to 50,000 wafers per month and will include next-generation factory automation capabilities deploying data analytics and machine learning to achieve industry-best factory efficiency, the company said.

The total investment in the semiconductor-making facility will be to the tune of $11 billion.

The agreement between TEL and PSMC will bring to India a portfolio of cutting-edge semiconductor technologies, an advanced skill set and talent, and a network of semiconductor manufacturing suppliers and ecosystem partners, setting the foundation for an indigenous semiconductor ecosystem in India, the company added.


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