A tripartite agreement was signed on Wednesday in Gujarat between Tata Electronics and semiconductor manufacturers in Taiwan for jointly exploring the growing market of display semiconductors and ultralow power AI sensing in India and other parts of the globe.
A Memorandum of Understanding (MoU) between Tata Electronics, Himax Technologies, Inc. — Taiwan-based industry leader in fabless display driver ICs and semiconductor products — and Powerchip Semiconductor Manufacturing Corporation (PSMC) was made public during the Gujarat Semiconnect summit held at Gandhinagar.
Tata Electronics, Himax, and PSMC aim to leverage their respective strengths to deliver comprehensive, end-to-end display semiconductor solutions for their mutual customers, from chip design to chip manufacturing and packaging, as well as electronics manufacturing services (EMS) to deliver system-level solutions, to both the Indian and global markets. The parties will collaborate closely to develop solutions focusing on “Made in India” requirements. The partnership also encompasses designing and manufacturing next-generation solutions to meet global demand while enhancing supply chain resilience.
Building on the landmark 2024 agreement between Tata Electronics and PSMC to establish advanced semiconductor manufacturing capabilities at Dholera in Gujarat, the Wednesday’s announcement paves the way for innovative display solutions tailored to the domestic market. Randhir Thakur, CEO and MD of Tata Electronics, said, “This MoU with Himax and PSMC will enable the development of differentiated solutions for display-related semiconductor products for our mutual customers. By combining Tata Electronics’ capabilities with Himax’s unparalleled expertise in display semiconductors and WiseEyeÔ ultralow power AI sensing and PSMC’s proven manufacturing solutions, we are creating a powerful ecosystem that addresses both domestic and global needs for the display semiconductor market. Together, we will drive innovation and develop next-generation technologies to meet the growing demands of display and ultralow power AI sensing technologies across key industries while contributing to a resilient semiconductor supply chain.”
Jordan Wu, Co-Founder and CEO of Himax Technologies, Inc., said, “We are delighted to join forces with Tata Electronics and PSMC to drive innovation in India’s rapidly expanding display semiconductor market. India is emerging as a key hub for electronics development and manufacturing, presenting immense opportunities for growth and technological advancement. Through this collaboration, we aim to bring Himax’s industry-leading expertise in display semiconductors and WiseEyeÔ ultralow power AI sensing to support India’s ‘Made in India’ initiative while enhancing global supply chain resilience. This partnership underscores our commitment to delivering cutting-edge display solutions that cater to the evolving needs of both Indian and international markets.”
Martin Chu, President of PSMC, said, “PSMC’s portfolio of semiconductor fabrication technologies is well-suited to meet the growing ‘Made in India’ requirements. We look forward to this partnership with Tata Electronics and Himax, as it provides a unique opportunity to expand our collective footprint and gain significant share in both the domestic and global display semiconductors and ultralow power AI sensing markets.”
At the event , a fiscal support agreement (FSA) was also signed between the India Semiconductor Mission (ISM) and Tata Electronics (TEPL) to provide financial assistance to a semiconductor fab unit being established in Dholera with a total investment of ₹91,526 crore. A second MoU was also signed between Tata Electronics and IIT Gandhinagar under which a collaborative effort will be made for skill development in the semiconductor sector at IIT Gandhinagar.
MoU with TSMT for new EMS unit in Gujarat
A separate MoU was also signed with Taiwan’s Taiwan Surface Mounting Technology (TSMT) for the establishment of a new Electronics Manufacturing Service (EMS) unit in Gujarat with an investment of over ₹500 crore. This investment will create approximately 1000 new jobs.