A team from Tata Electronics is set to visit Taiwan, specifically PSMC, amidst global efforts towards semiconductor self-reliance.
Sources told DIGITIMES that Tata Electronics representatives are scheduled to visit Taiwan by the end of May. Their itinerary includes participating in the India-Taiwan Semiconductor Summit, hosted by SEMI in Taiwan, and visiting PSMC's facilities.
During their visit, they plan to meet with PSMC's chairman, Frank Huang, and other senior executives to discuss potential collaboration opportunities. In addition to representatives from the Tata Group, Ashwini Vaishnaw, India's Minister of Electronics and IT, and Akash Tripathi, CEO of the India Semiconductor Mission will join the forum to interact with leaders from the Taiwanese industry.
India is actively bolstering its electronics industry and focusing on semiconductor production to solidify a domestic supply chain. In February 2024, the Indian government greenlit three foundry and ATMP projects amounting to US$15.2 billion. Among the projects, Tata Electronics joined forces with PSMC to invest US$11 billion in establishing India's inaugural 300mm wafer fab in Gujarat, alongside a US$3 billion ATMP plant in Assam.
The Taiwanese government has tasked PSMC with aiding Tata Electronics in constructing a 300mm wafer fab, presenting a model for other Taiwanese companies to venture into India. PSMC's responsibilities include overseeing the construction of the wafer fab and earning fees for hardware and software while maintaining a hands-off approach to operations and customer orders.
India, with technology hubs like Bengaluru, played a significant role in the global semiconductor supply chain, especially in chip design. India now harbors strong ambitions in hardware manufacturing.
In recent years, the Indian government has proposed multiple subsidy policies, including PLI schemes, SPECS, and EMC 2.0, to strengthen its position in the global technology supply chain, focusing on manufacturing. In 2022, India set up the India Semiconductor Mission to attract global semiconductor firms to build its semiconductor and display manufacturing ecosystem.
