TAINAN and HSINCHU, Taiwan and MUMBAI, India – Himax Technologies, a prominent player in display driver ICs and other semiconductor products, has entered into a strategic partnership to bolster India’s electronics manufacturing sector. Himax announced a Memorandum of Understanding (MoU) with Tata Electronics, a leading Indian electronics manufacturer, and Powerchip Semiconductor Manufacturing Corporation (PSMC) to revolutionize India’s display and ultralow power AI sensing product and technology ecosystem. This collaboration aims to drive innovation and meet the escalating demand for advanced display and AI sensing technologies in both the Indian and global markets.
The partnership represents a significant step forward for these companies, expanding their market reach and jointly exploring the growing market of display semiconductors and ultralow power AI sensing in India and worldwide. The collaboration will leverage the distinct strengths of each company, from chip design and manufacturing to packaging and electronics manufacturing services, providing comprehensive solutions for their customers. The focus will be on fulfilling “Made in India” requirements and developing next-generation solutions to meet global demand while strengthening supply chain resilience.
Building upon Tata Electronics’ prior agreement with PSMC to establish cutting-edge semiconductor manufacturing capabilities in India, this announcement will provide innovative display solutions tailored for the domestic market.
Dr. Randhir Thakur, CEO and MD of Tata Electronics, emphasized the significance of the MoU, stating, “This MoU with Himax and PSMC will enable the development of differentiated solutions for display-related semiconductor products for our mutual customers. By combining Tata Electronics’ capabilities with Himax’s unparalleled expertise in display semiconductors and WiseEye™ ultralow power AI sensing and PSMC’s proven manufacturing solutions, we are creating a powerful ecosystem that addresses both domestic and global needs for the display semiconductor market.”
Mr. Jordan Wu, Co-Founder and CEO of Himax Technologies, Inc., expressed his enthusiasm for the venture, saying, “We are delighted to join forces with Tata Electronics and PSMC to drive innovation in India’s rapidly expanding display semiconductor market. India is emerging as a key hub for electronics development and manufacturing, presenting immense opportunities for growth and technological advancement. Through this collaboration, we aim to bring Himax’s industry-leading expertise in display semiconductors and WiseEye™ ultralow power AI sensing to support India’s ‘Made in India’ initiative while enhancing global supply chain resilience.”
Mr. Martin Chu, President of PSMC, also shared his thoughts on the partnership, stating, “PSMC’s portfolio of semiconductor fabrication technologies is well-suited to meet the growing ‘Made in India’ requirements. We look forward to this partnership with Tata Electronics and Himax, as it provides a unique opportunity to expand our collective footprint and gain significant share in both the domestic and global display semiconductors and ultralow power AI sensing markets.”
This strategic alliance is poised to make significant contributions to the development of both the Indian and global electronics industries.
