MIC Electronics Ltd enters into MOU with Chipex Technologies Pvt Ltd

MIC Electronics Limited ("MIC") ("OEM Partner") has entered a MOU (Memorandum of Understanding) with M/s. Chipex Technologies Private Limited ("Chipex") ("Chip Development Partner")

The Memorandum of Understanding establishes a collaborative framework between Chipex and MIC to jointly develop custom semiconductor solutions aligned with MIC's product roadmap. Through this partnership, MIC aims to enhance product differentiation, performance, and long-term supply stability by using co-developed custom silicon instead of standard components.

The purpose of this Memorandum of Understanding ("MoU") is to establish a strategic and collaborative framework between CHIPEX ("Chip Development Partner") and MIC ("OEM Partner") for the joint identification, definition, design, and development of custom semiconductor solutions that align with and support MIC ELECTRONICS's product roadmap.

Through this collaboration, the Parties intend to combine their respective technical expertise and domain experience to cocreate silicon solutions tailored to the unique performance, functionality, and integration requirements of MIC ELECTRONICS's product portfolio. By leveraging co-developed custom silicon rather than standard off-the-shelf components, MIC ELECTRONICS aims to achieve:

Enhanced product differentiation through proprietary and optimized chip architectures.

Improved system performance and energy efficiency across its application domains.

Long-term supply assurance and design ownership, ensuring sustainability and competitiveness in global markets.

This MoU outlines the guiding principles for collaboration and serves as a foundation for subsequent Statements of Work (SOWs) that will define project-specific deliverables, commercial terms, and responsibilities of each Party.

Source : Equity Bulls

Keywords

MICElectronics OEMPartner MOU ChipexTechnologies ChipDevelopmentPartner