Himax(HIMX) GlobeNewswire·2025-03-05 08:45Core Viewpoint - Himax Technologies, Tata Electronics, and Powerchip Semiconductor Manufacturing Corporation (PSMC) have signed a Memorandum of Understanding (MoU) to enhance India's display semiconductor and ultralow power AI sensing technology ecosystem, aiming to expand their market outreach both domestically and globally [1][2]. Group 1: Partnership Objectives - The collaboration aims to deliver comprehensive, end-to-end display semiconductor solutions, including chip design, manufacturing, packaging, and electronics manufacturing services (EMS) [2]. - The partnership will focus on "Made in India" requirements and the development of next-generation solutions to meet global demand while enhancing supply chain resilience [2][4]. Group 2: Strategic Importance - This MoU builds on a previous agreement between Tata Electronics and PSMC to establish advanced semiconductor manufacturing capabilities in India, paving the way for innovative display solutions tailored to the domestic market [3]. - The partnership is expected to create a powerful ecosystem that addresses both domestic and global needs for display semiconductor products, driving innovation in the sector [4]. Group 3: Company Profiles - Tata Electronics is a prominent player in the electronics manufacturing industry, established in 2020, with over 65,000 employees and operations across multiple Indian states [5]. - PSMC is the world's seventh-largest pure-play foundry, capable of producing over 2.1 million 12-inch equivalent wafers annually, and has a strong commitment to environmental governance [6][7]. - Himax Technologies is a leading fabless semiconductor solution provider, specializing in display imaging processing technologies, with a significant global market share in automotive display technology and a strong portfolio of ultralow power AI sensing solutions [8].