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HomeNewsBusinessCompaniesTata Electronics, Synopsys partner to ramp up India’s first fab unit, accelerate customer product design

Tata Electronics, Synopsys partner to ramp up India’s first fab unit, accelerate customer product design

The two firms will partner on various different segments under the MoU, according to the statement.

June 25, 2024 / 18:58 IST
In February this year, Tata Electronics had announced plans to build country’s first fab in Dholera with a total investment of Rs 91,000 crore ($11 bn).

Tata Electronics on June 25 announced a memorandum of understanding (MoU) with Synopsys, provider of silicon to systems design solutions, to collaborate on process technology and foundry design platform to accelerate customer products in India’s first fab unit, the company said in a regulatory filing.

The facility is being built by the Tata group company in Dholera, Gujarat, according to the filing.

The two firms will partner on various areas under the agreement, according to the statement.

The leadership teams of both the firms held a meeting at the Tata group headquarters in Mumbai, according to the filing.

Randhir Thakur, managing director & CEO, Tata Electronics said, “We have a bold vision of becoming the world leader in electronics manufacturing by offering integrated solutions across the electronics manufacturing value chain to global customers seeking a resilient supply chain. We view Synopsys as a key partner and accelerator in our journey by virtue of the expertise they bring in semiconductor design and services.”

In February this year, Tata Electronics had announced plans to build country’s first fab in Dholera with a total investment of Rs 91,000 crore ($11 bn). Moreover, another Rs 27,000 crore will be invested in a greenfield facility in Jagiroad, Assam for assembly and testing of semiconductor chips, the company had announced.

Together these facilities will produce semiconductor chips for applications across automotive, mobile devices, artificial intelligence (AI), and other key segments to serve customers globally.

Sassine Ghazi, president & CEO of Synopsys, expressed his support and said, “For nearly 30 years, Synopsys has been researching and developing silicon to systems design solutions for customers and investing in workforce development in India. We applaud and support Tata Electronics’ vision to develop semiconductor manufacturing capacity in India, advancing supply chain resiliency for the global semiconductor industry.”

Moneycontrol News
first published: Jun 25, 2024 06:58 pm

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