File image of semiconductor tools on show
| Picture Credit score: Reuters
Tata Electronics, an entirely owned subsidiary of Tata Sons Pvt. Ltd, stated it had accomplished the Definitive Settlement with Powerchip Semiconductor Manufacturing Company (PSMC) of Taiwan in the direction of establishing semiconductor manufacturing services (aka fabs) in India.
As per the settlement, PSMC will present design and building help to construct India’s first AI-enabled greenfield fab in Gujarat, license a broad portfolio of applied sciences and supply engineering help to efficiently switch licensed applied sciences to the Gujarat fab.
This fab could have manufacturing capability of as much as 50,000 wafers monthly and can embody next-generation manufacturing unit automation capabilities deploying information analytics and machine studying to attain industry-best manufacturing unit effectivity.
The brand new semiconductor fab will manufacture chips for functions corresponding to energy administration IC, show drivers, microcontrollers (MCU) and high-performance computing logic, addressing the rising demand in markets corresponding to AI, automotive, computing and information storage, and wi-fi communication, Tata Electronics stated in a press release.
With a complete funding of as much as ₹91,000 crores ($11 billion), the fab will create over 20,000 direct and oblique expert jobs.
With this fab, India for the primary time will be capable to handle the rising chip demand of home and world clients. Tata Group’s multi-fab imaginative and prescient for Dholera is projected to create over 1,00,000 expert jobs, the corporate stated.
N. Chandrasekaran, Chairman, Tata Sons in a press release stated, “This collaboration is a key milestone, and I’m assured that our complete expertise partnership with PSMC will pave the best way for innovation, drive progress, and strengthen the worldwide semiconductor provide chain. It can place us to play a key function within the rising semiconductor market to serve world clients.”
Frank Huang, Chairman of Powerchip Group and CEO of PSMC, stated, “This partnership represents a win-win state of affairs, because it positions PSMC and the Taiwanese ecosystem to achieve a major first-mover benefit within the quickly increasing Indian market whereas serving to India obtain self-reliance in semiconductor manufacturing.”
“I strongly consider that our partnership shall be foundational to the India-Taiwan collaboration in semiconductors and can encourage extra business and strategic tie-ups between the 2 sides,” he stated.
Tata Electronics stated it has already engaged two design corporations from Taiwan to create a top-tier fab that adheres to world requirements of high quality, security, and sustainability.
Printed – September 26, 2024 04:08 pm IST
