MIC Electronics Ltd enters into MOU with Top2 PTE Ltd

MIC Electronics Limited has entered a MOU (Memorandum of Understanding) with Top2 PTE Limited, a Singapore based entity to explore, identify, and finalize a semiconductor partner from Taiwan.

The purpose of this MOU is to establish a framework under which "MIC "shall engage "Top2" to explore, identify, and finalize a semiconductor fabrication partner from Taiwan. The objective is to initiate semiconductor wafer production with an monthly target capacity of 25,000 to 30,000 wafers, subject to feasibility, negotiations, and regulatory compliance.

Source : Equity Bulls

Keywords

MICElectronics MOU Top2PTE SIngapore Taiwan SemiconductorPartner