[News] PSMC and Tata Electronics Finalize Partnership on 12-Inch Wafer Fab

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Powerchip Semiconductor Manufacturing Corp. (PSMC) announced on the 26th that it has signed a definitive agreement with Tata Electronics in New Delhi to collaborate on building India’s first 12-inch wafer fab in Dholera, Gujarat. PSMC will transfer mature process technologies and train local employees as part of the partnership.

According to PSMC, the $11 billion facility, with a monthly capacity of 50,000 wafers, is expected to create over 20,000 high-tech jobs in the region.

PSMC Chairman Frank Huang and CEO Martin Chu also met with Indian Prime Minister Narendra Modi at the Prime Minister’s Office. Huang urged Modi to foster a business-friendly environment for Taiwanese companies investing in India, highlighting the vast potential for collaboration between Taiwan and India in the semiconductor space. He noted that the semiconductor supply chain involves thousands of small and medium-sized enterprises, and expressed hope for future partnerships between Taiwanese chip designers and India’s talent-rich market.

Prime Minister Modi, in PSMC’s announcement, pledged full government support for the Tata-PSMC wafer fab project and praised Huang’s vision of Taiwan-India cooperation in the chip design industry. He encouraged PSMC to play a key role in India’s semiconductor development and promised to assist Taiwanese businesses looking to invest in the country.

(Photo credit: PSMC)