Hyderabad, Sept. 13 -- MIC Electronics Limited, a leading technology-driven enterprise based in Hyderabad, today said it has signed a Memorandum of Understanding (MoU) with TOP2 Pte Ltd., a Singapore-based strategic advisor that specialises in fundraising, M&A and Strategic Partnerships to strengthen India's Semiconductor ecosystem.
"Under this MoU, TOP2 will help MIC in exploring, identifying and finalizing a semiconductor fabrication partner from Taiwan, with a target to start water production in India at a capacity of 25,000 to 30,000 wafers per month," the company said in a release.
This collaboration comes at a critical time as India advances with its USD 10 billion Semiconductor Mission to develop domestic capabilities in Chip Manuf...