Tata Electronics, PSMC complete tech transfer pact for Gujarat Fab unit

Tata Electronics, a Tata Sons subsidiary, has completed a definitive agreement with Powerchip Semiconductor Manufacturing Corporation (PSMC) of Taiwan for technology transfer, the Tata group said in a statement.

As per the agreement, PSMC will provide design and construction support to build a greenfield Fab in Dholera, Gujarat, license a broad portfolio of technologies, and offer engineering support to successfully transfer licensed technologies to the Gujarat Fab. With a total investment of up to Rs 91,000 crore, the Fab will create over 20,000 direct and indirect skilled jobs, the statement said.