MIC Electronics Signs MoU with Chipex Technologies for Custom Semiconductor Development

MIC Electronics Limited announced that it has signed a Memorandum of Understanding (MoU) with Chipex Technologies Private Limited to jointly design and develop custom semiconductor solutions. The collaboration aligns with MIC’s goal of enhancing performance, reliability, and long-term supply assurance in its electronic product portfolio.

MIC Electronics and Chipex Technologies Enter Strategic Partnership

The MoU between MIC Electronics Limited, the Original Equipment Manufacturer (OEM) Partner, and Chipex Technologies Private Limited, the Chip Development Partner, sets a strong foundation for future semiconductor innovation. 

The agreement focuses on creating application-specific silicon chips to replace standard off-the-shelf components used in MIC’s products. This approach will allow MIC to achieve better system efficiency, energy optimisation, and design ownership.

Through this partnership, both companies aim to combine their respective technical expertise, MIC’s domain knowledge and Chipex’s semiconductor design capabilities to develop proprietary solutions supporting MIC’s roadmap of advanced electronic displays and systems.

Key Highlights of the Agreement

According to the company’s disclosure, MIC Electronics holds no shareholding in Chipex Technologies, and the agreement does not grant either party any special rights such as board appointments or share subscription privileges. 

The transaction does not qualify as a related party transaction and is conducted entirely at arm’s length. This ensures transparency and regulatory compliance under Regulation 30 of SEBI (LODR) Regulations, 2015.

Read More:NTPC and EIL Sign MoU for Coal-to-SNG Facility to Enhance Grid Stability and Clean Energy!

Purpose and Long-Term Benefits

The main objective of the MoU is to co-develop semiconductor solutions tailored to MIC’s products. These solutions are expected to offer enhanced differentiation, energy efficiency, and longevity, crucial for maintaining competitiveness in global markets. 

Additionally, the agreement lays the groundwork for future Statements of Work (SOWs), which will specify individual project details, responsibilities, and commercial terms.

MIC Electronics Share Price Performance

On October 27, 2025, MIC Electronics share price opened at ₹55.09 on NSE, above the previous close of ₹54.95. During the day, it surged to ₹58.69 and dipped to ₹54.35. The stock is trading at ₹58.16 as of 12:16 PM. The stock registered a significant gain of 5.84%.

Over the past week, it has moved up by 5.65%, over the past month, it has declined by 3.18%, and over the past 3 months, it has moved up by 11.72%.

Conclusion

MIC Electronics’ collaboration with Chipex Technologies marks a significant step in its pursuit of technological independence and innovation. By integrating custom semiconductor solutions into its offerings, MIC aims to boost performance, ensure supply stability, and strengthen its global position in the electronics sector.

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