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PSMC and Tata Electronics to build India’s first 12-inch wafer factory with $11 billion investment
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TechNode
Taiwan-based chip foundry Powerchip Semiconductor Manufacturing Corporation (PSMC) on Thursday signed a definitive agreement with Indian tech manufacturer Tata Electronics in New Delhi to assist in the construction of India’s first 12-inch wafer fab, to be situated in Dholera, Gujarat.
Why it matters: India’s first 12-inch wafer fab will enhance the country’s semiconductor manufacturing capabilities and reduce the country’s dependence on imports.
Details: PSMC CEO Martin Chu signed the definitive agreement with Tata Electronics CEO Randhir Thakur, while PSMC Chairman Frank Huang was present to witness the event.
The investment in the construction of India’s first 12-inch wafer fab is expected to reach $11 billion, with a monthly production capacity of 50,000 wafers, according to the agreement.
The Indian government will fully support the construction of the 12-inch wafer fab by PSMC and Tata Electronics, Modi responded.
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