INSUBCONTINENT EXCLUSIVE:
L-T Semiconductor Technologies (LTSCT) is a fabless semiconductor company, meaning it does not own a chip production unit
| Photo: Bloomberg2 min read Last Updated Aug 28 2024 | 11:02 PM IST
L-T Semiconductor Technologies has signed a memorandum of
understanding with government-backed Centre for Development of Advanced Computing for jointly working to develop local chip technology and
the ecosystem around it, according to a statement on Wednesday.
The MoU will focus on a comprehensive framework for collaborative
research, development, and training initiatives, with an emphasis on the creation of Make-in-India Integrated Circuit (IC), System-on-Chip
(SoC) and Electronics System Design - Manufacturing (ESDM) solutions for automotive, industrial, and energy applications, the semiconductor
company said.
"The signing of this MoU between L-T Semiconductor Technologies and C-DAC indicates the government's commitment to
fostering public-private partnerships that drive innovation and economic growth," Ministry of Electronics and IT, Group Coordinator, Sunit
Verma, was quoted as saying in the statement.
This collaboration not only underscores the importance of indigenisation in the
semiconductor sector but also paves the way for India to take a leadership role on the global stage, it said.
L-T Semiconductor
Technologies (LTSCT) is a fabless semiconductor company, meaning it does not own a chip production unit.
The strategic collaboration is to
drive indigenisation efforts and harness the collective expertise of both organisations to accelerate innovation and technological
advancements in areas of mutual interest, the statement said.
"This collaboration, led by LTSCT, will create a powerful commercialisation
programme for advanced technologies created by C-DAC in semiconductor design and development, embedded software, open-source OS, HPC and
power systems," LTSCT Chief Executive Sandeep Kumar said.
"C-DAC's deep pipeline of indigenous IPs, including the VEGA processor,
application design and FPGA validation will be turned into global product opportunities by LTSCT," Kumar added.(Only the headline and
picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated
feed.)First Published: Aug 28 2024 | 11:02 PMIST
