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Paras Defence arm signs MoU With MPSeDC

Paras Semiconductors Pvt Ltd, a subsidiary of Paras Defence and Space Technologies Ltd signed a Memorandum of Understanding (MoU) with Department of
Science and Technology acting through MP State Electronics Development Corporation (MPSeDC).

Paras Semiconductors and MPSeDC will integrate their respective expertise and resources to collaboratively facilitate the establishment of a greenfield advanced IC packaging OSAT (Outsourced Semiconductor Assembly and Test) facility in Madhya Pradesh.

Paras Semiconductors will set up a greenfield advanced IC packaging OSAT facility in Indore-Ujjain, Madhya Pradesh, with a proposed investment of approx. Rs. 6,200 crores. The facility will undertake advanced packaging operations including 3D heterogeneous integration, 2.5D/3D advanced packaging, hybrid bonding, ultra-high-density fan-out packaging, chiplet integration, wafer bumping, flip-chip assembly, testing and reliability.

At 9.53 am, Paras Defence and Space Technologies Ltd was trading at Rs. 1,207.60, down by 1.27%, with a volume of 0.26 lakh shares on the BSE.