MIC Electronics Ltd Enters MoU with Chipex Technologies for Custom Semiconductor Solutions

MIC Electronics Ltd has entered into a Memorandum of Understanding (MoU) with Chipex Technologies Private Limited to jointly develop custom semiconductor solutions. This collaboration aims to enhance product differentiation, performance, and long-term supply stability by using co-developed custom silicon instead of standard components. The 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.