Hyderabad, Sept. 10 -- MIC Electronics Limited on Wednesday announced that it has signed a Memorandum of Understanding (MoU) with Singapore-based Top2 PTE Limited to identify and finalize a semiconductor fabrication partner from Taiwan.

In a regulatory filing to exchanges, the company said the agreement has been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The plan envisages an initial monthly production target of 25,000 to 30,000 semiconductor wafers, subject to feasibility studies, regulatory clearances, and successful negotiations.

"The purpose of this MOU is to establish a framework under which "MIC "shall engage "Top2" to explore, identify, and finalize a semiconductor fabri...