# PSMC receives Fab IP payment from Tata Electronics for India wafer fab

Powerchip Semiconductor Manufacturing Corp. received the first installment of its Fab IP payment from Tata Electronics for a joint venture to build a 12-inch wafer fab in India. The facility is expected to be operational by 2026.

- Type: Contract
- Announced: 2024-11-06
- Where: Dholera Science Park, Gujarat, India, India
- Status: announced
- Products: 12-inch wafer fab, semiconductor manufacturing
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Tata Group](https://endata.com/companies/10258.md) (partner)
- [Tata Electronics](https://endata.com/companies/50845.md) (customer)
- [Powerchip Semiconductor Manufacturing Corp](https://endata.com/companies/54043.md) (supplier)

## Sources

- [eetindia.co.in](https://www.eetindia.co.in/psmc-secures-dual-wins-fab-ip-payment-received-interposer-set-for-shipment/), 2024-11-06: "PSMC confirmed that Tata Electronics has completed the initial payment under the Fab IP agreement, facilitating the rapid progression of the new fab's design and construction phases."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.