PSMC does a deal with Tata in what really might be – all hype aside – an actual 'key milestone'
It looks like India has scored a deal to host its first semiconductor fab, possibly at the expense of a project in Japan.plans to help giant Indian industrial conglomerate Tata build a fab capable of producing 50,000 12-inch wafers per month. At the time Tata told the world it would gain access to"leading edge and mature nodes including 28nm, 40nm, 55nm, 90nm & 110nm and also collaboration for high volume manufacturing.
Six months later, it turns out the deal was not final. Indeed, it was only last Friday that Tata and PSMCThe deal is still all about design and construction assistance, rather than PSMC having an ongoing role, and mentions of construction starting this year have dropped off. We're now told the fab will work on silicon for power management, display drivers, microcontrollers, and"high performance computing logic."
Tata has again described the definitive agreement as a"key milestone." It's also"a seminal moment in positioning India as a trusted partner in the global semiconductor supply chain."The Japanese deal looked a lot like the Indian venture: PSMC would provide know-how and SBI would put up all the cash, before formation of a joint venture.
India's government has created multi-billion dollar funds to lure semiconductor manufacturers, but hasn't revealed whether the Tata/PSMC tie-up has scored any of that cash.Whatever went down behind the scenes, PSMC has a new collaborator, Japan isn't getting a fab, and India will – albeit a pretty boring one that won't make high margin or leading edge products. India's government will ignore that and trumpet this as a triumph for its manufacturing and export ambitions.
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