Powerchip Semiconductor Manufacturing Corp. signed an agreement with Tata Electronics Private Limited (Tata Electronics), a subsidiary of the Tata Group in India. During the agreement period, the company will assist Tata Electronics in building India's first 12-inch semiconductor fabrication in Dholera, Gujarat.

Tata Electronics plans to produce power management IC, display driver IC as well as microcontrollers and high-performance computing logic,in order to enter the automotive,computing and data storage, wireless communications, artificial intelligence and other application end markets. The cooperation between the Company and Tata sons Group will be able to build an international semiconductor industry cluster in India with the policy support of the Indian central and Gujarat governments.