Tata Electronics Signs Landmark MoU with Himax Technologies and PSMC to Advance India’s Display and AI Sensing Ecosystem

Tata Electronics is going to manufacturing unit for display semiconductors in partnership with Taiwan-based PSMC and Himax Technologies, a top official of the company said on Wednesday. Speaking at IESA Vision Summit, Tata Electronics CEO Randhir Thakur announced signing of a tripartite agreement with the Gujarat government for the plant.

3/5/20253 min read

Tata Electronics, a pioneering leader in India’s electronics manufacturing sector, has announced a Memorandum of Understanding (MoU) with Himax Technologies, Inc. (Himax, Nasdaq: HIMX), a Taiwan-based industry leader in fabless display driver ICs and semiconductor products, and Powerchip Semiconductor Manufacturing Corporation (PSMC), a leading Taiwanese foundry and technology transfer partner of Tata Electronics. This collaboration aims to revolutionize India’s display and ultralow power AI sensing product and technology ecosystem.

The MoU marks a significant milestone for Tata Electronics, Himax, and PSMC as they expand their market outreach and explore opportunities in the growing display semiconductor and ultralow power AI sensing sector, both in India and globally. By leveraging their respective expertise, the partners seek to deliver end-to-end display semiconductor solutions, covering chip design, manufacturing, packaging, and electronics manufacturing services (EMS) to provide system-level solutions for domestic and international markets.

A key focus of the partnership is to develop solutions tailored to India’s "Made in India" initiative, while also catering to global demand and strengthening supply chain resilience. This initiative builds on the landmark 2024 agreement between Tata Electronics and PSMC to establish advanced semiconductor manufacturing capabilities in India.

Leadership Perspectives on the MoU

Dr. Randhir Thakur, CEO and MD, Tata Electronics, stated: “This MoU with Himax and PSMC enables the development of differentiated semiconductor solutions for display technologies. By combining Tata Electronics’ capabilities with Himax’s expertise in display semiconductors and WiseEyeTM ultralow power AI sensing, alongside PSMC’s proven manufacturing solutions, we are fostering a powerful ecosystem that meets the needs of both domestic and global markets. Together, we will drive innovation and develop next-generation technologies, contributing to a resilient semiconductor supply chain.”

Mr. Jordan Wu, Co-Founder and CEO, Himax Technologies, Inc., commented: “We are thrilled to collaborate with Tata Electronics and PSMC in advancing India’s rapidly expanding display semiconductor market. India is emerging as a global hub for electronics development and manufacturing, presenting immense growth opportunities. This partnership underscores our commitment to supporting the ‘Made in India’ initiative while strengthening global supply chain resilience. By bringing Himax’s industry-leading expertise in display semiconductors and WiseEyeTM ultralow power AI sensing, we aim to deliver cutting-edge solutions for the evolving needs of both Indian and global markets.”

Mr. Martin Chu, President, PSMC, added: “PSMC’s extensive semiconductor fabrication technologies align well with India’s ‘Made in India’ vision. Our partnership with Tata Electronics and Himax provides a unique opportunity to expand our collective footprint and capture significant market share in the display semiconductor and ultralow power AI sensing industries worldwide.”

About the Companies

Tata Electronics Private Limited

Tata Electronics Pvt. Ltd. is a key player in the global electronics manufacturing industry, with capabilities in Electronics Manufacturing Services (EMS), Semiconductor Assembly & Test, Semiconductor Foundry, and Design Services. Established in 2020 as a greenfield venture of the Tata Group, the company serves global customers through an integrated electronics and semiconductor value chain. With over 65,000 employees, Tata Electronics has a significant presence in Gujarat, Assam, Tamil Nadu, and Karnataka. The company is committed to socio-economic impact, employing a large number of women and supporting local communities through initiatives in education, healthcare, environment, sports, and livelihood development.

Himax Technologies, Inc.

Himax Technologies, Inc. (NASDAQ: HIMX) is a global leader in fabless semiconductor solutions for display imaging processing technologies. Its display driver ICs and timing controllers are widely adopted across industries, including TVs, laptops, mobile phones, automotive, ePaper devices, and industrial displays. Himax is a market leader in automotive display technology and a pioneer in tinyML visual-AI and optical technologies. The company’s WiseEyeTM Ultralow Power AI Sensing technology is widely deployed in consumer electronics and AIoT applications. Founded in 2001 and headquartered in Tainan, Taiwan, Himax has around 2,200 employees and holds over 2,649 patents worldwide as of December 31, 2024.

Powerchip Semiconductor Manufacturing Corporation (PSMC)

PSMC is the world’s seventh-largest pure-play foundry, operating four 12-inch and two 8-inch fabs in Taiwan, producing over 2.1 million 12-inch equivalent wafers annually. Established in 1994, PSMC transitioned from DRAM manufacturing to advanced foundry services for memory and logic chips. The company ranks seventh in global semiconductor ESG evaluations and maintains a strong commitment to governance and environmental sustainability. In May 2024, PSMC inaugurated a new 12-inch fab in Taiwan’s Tongluo Science Park, with an annual capacity of 1.2 million wafers, featuring advanced 28nm and wafer-stacking technologies.