In order to promote L&T Semiconductor Technologies Limited’s (LTSCT) product development and market demand research in the Japanese market, Marubun Corporation and LTSCT have inked a memorandum of understanding (MoU).
LTSCT is a multinational corporation forming Next-Gen Smart Semiconductor Solutions with its headquarters located in Bangalore, India. It is a completely owned subsidiary of Larsen & Toubro (henceforth referred to as L&T), a USD 27 billion Indian multinational firm involved in EPC projects, hi-tech manufacturing, and services.
Marubun acknowledges India’s competence and room for expansion in the semiconductor and advanced electronics sectors, which draws a pool of skilled experts and promotes development, said in its official release.
The MoU provides a thorough framework for carrying out market research in Japan and assisting in the creation of goods specifically suited to the Japanese market. The goal of this partnership is to take advantage of LTSCT’s competitive advantage and all-encompassing skills in India.
Marubun will suggest creating an ecosystem with clients that are thinking about expanding their businesses into the Indian market or reevaluating their global supply chains.
Elated about the MoU, Sandeep Kumar, Chief Executive, L&T Semiconductor Technologies, said “Our partnership with Marubun underscores LTSCT’s commitment to delivering advanced, energy-efficient semiconductor solutions tailored for Japanese customers. Marubun has an extensive network and profound understanding of the local market with decades of proven track record in bringing emerging technologies to Japan, as demonstrated through its various collaborations.”
“Through this collaboration, LTSCT and Marubun shall bring unparalleled value to Japanese customers by offering advanced semiconductor devices that drive sustainability and digitalization across various domains, including automotive, industrial & energy. Leveraging our collective strengths and advanced capabilities, we believe, this collaboration will not only create significant value for the end customers but also play a vital role in advancing Japan’s semiconductor industry,” shared Sandeep.
