Mic Electronics partners with Top2 for semiconductor manufacturing

MIC Electronics Limited has signed an MoU with Singapore-based Top2 Pte Ltd to explore semiconductor manufacturing opportunities in Taiwan.

The partnership aims to identify and finalize a Taiwanese semiconductor fabrication partner, targeting a monthly production capacity of 25,000 to 30,000 wafers. This strategic move could potentially expand MIC Electronics' presence in the semiconductor industry, subject to negotiations and regulatory compliance. The company has informed stock exchanges about this development in compliance with SEBI regulations.

MIC Electronics will engage Top2 Pte to explore potential semiconductor partnerships in Taiwan. The companies will work together to identify suitable semiconductor fabrication partners.

Once the potential partners are identified, MIC Electronics and Top2 Pte will work towards finalizing agreements with the chosen Taiwanese semiconductor manufacturer.

MIC Electronics is a global leader in the design, development, and manufacturing of LED video displays, high-end electronics, and telecommunication equipment, and development of telecom software.