PSMC

Marine Electricals (India) secured orders worth Rs 1.15 billion from Larsen and Toubro to supply, install, test and commission low-tension boards and branch panels for Tata Semiconductor Manufacturing's upcoming semiconductor facility in Dholera, India. The order is scheduled to be executed over 18 months.

Tata Electronics has mobilised over 7,000 personnel to construct India's first commercial semiconductor fabrication facility at Dholera, Gujarat, in partnership with Taiwan's PSMC, with a ₹91,000+ crore investment.

HLB Group subsidiaries will acquire 30 billion won ($22.8 million) worth of equity in PSMC, a lead frame manufacturer, making HLB the largest shareholder with a 28.25% stake. PSMC will change its name to HLB innovation and add biopharmaceutical lines to develop CAR-T treatments.