ENA Sectors 2024-09-26 15:24:41 <p><span style="font-size:14px"><strong>New Delhi, Sep 26 (KNN)</strong> Tata Electronics has announced the completion of a Definitive Agreement with Taiwan-based Powerchip Semiconductor Manufacturing Corporation (PSMC) for the development of India's inaugural AI-enabled semiconductor fabrication facility. The greenfield project is set to be established in Gujarat.</span></p> <p><span style="font-size:14px">Under the terms of the agreement, PSMC will provide comprehensive support for the design and construction of the facility. </span></p> <p><span style="font-size:14px">The Taiwanese firm will also licence a wide range of technologies and offer engineering assistance to ensure the successful transfer of these technologies to the Gujarat fab.</span></p> <p><span style="font-size:14px">The planned facility is expected to have a production capacity of up to 50,000 wafers per month. </span></p> <p><span style="font-size:14px">It will incorporate next-generation factory automation capabilities, leveraging data analytics and machine learning to optimise operational efficiency.</span></p> <p><span style="font-size:14px">According to Tata Electronics, the fab will manufacture chips for various applications, including power management integrated circuits, display drivers, microcontrollers, and high-performance computing logic. </span></p> <p><span style="font-size:14px">These components are intended to address the growing demand in sectors such as artificial intelligence, automotive, computing and data storage, and wireless communication.</span></p> <p><span style="font-size:14px">In a statement, Tata Electronics emphasised the significance of this partnership, describing it as a pioneering agreement that will introduce advanced semiconductor technologies, skills, and talent to India. </span></p> <p><span style="font-size:14px">The company also highlighted the potential for establishing a network of semiconductor manufacturing suppliers and ecosystem partners, which it views as foundational for developing an indigenous semiconductor ecosystem in the country.</span></p> <p><span style="font-size:14px">The company further characterised this development as a seminal moment in positioning India as a trusted partner within the global semiconductor supply chain. </span></p> <p><span style="font-size:14px">Tata Electronics expressed confidence that this initiative will accelerate India's progress towards becoming a global semiconductor manufacturing hub.</span></p> <p><span style="font-size:14px">This agreement marks a significant step in India's efforts to establish a presence in the highly competitive and strategically important semiconductor industry.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39415 https://knnindia.co.in/news/newsdetails/sectors/tata-electronics-ties-up-with-psmc-for-indias-first-ai-enabled-semiconductor-fab 2024-09-26 15:24:41 knnindia.co.in