Taiwanese bringing cutting-edge technology to Indian Automobile Industry
Taiwan-headquartered Taisys https://taisys.com/index is partnering with a global hardware manufacturing group to boost manufacturing in India for semiconductor design platforms and AI dashcams, folllowing on to US$100 million investment in its Indian subsidiary.
By setting up manufacturing units in India https://www.makeinindia.com/home/ , both parties aim to not only serve the local market but also leverage India’s growing ecosystem for global supply chains.
These technologies are integral to various sectors, including automotive, logistics, and personal navigation, offering precise and reliable tracking solutions as well, said Taisys which has made a strategic investment of US$7.2 million in ATrack Technology Inc http://atrack.com.tw , an IPO company TPEX:6465, through private placement https://www.tpex.org.tw/web/index.php?l=en-us .
This investment signals their commitment to bringing this cutting-edge technology to the Indian Automobile Industry https://www.nseindia.com/ . It positions ATrack to leverage Taisys’ leading market presence and distribution network in India, while Taisys gains access to ATrack’s advanced technologies and strengthens its position as a technology giant https://www.ibef.org/ .
ATrack’s core strengths lie in the development of AI dashcams, ADAS, DMS, LEO satellites (low-earth orbit satellites used for satellite-based tracking), and sensors. Their expertise in Advanced Navigation technology further adds to their capabilities http://sbi.co.in .
Jason Ho, the Chairman of Taisys Technologies said, “This investment https://www.investindia.gov.in/ aligns with our vision to bring the best global technologies to India. ATrack’s innovative approach and proven track record perfectly complement our growth strategy https://www.bseindia.com/ .”
Abhishek Saxena, the Managing Director of Taisys India, added, “We are thrilled to partner with ATrack’s technological prowess to leverage the upcoming wave of Automotive intelligence in India https://attentionindia.com/ .
“This presents a unique opportunity for India https://invest.up.gov.in/ to become a frontrunner in the field with truly groundbreaking automotive technology like AI dashcams, all while aligning with the Make in India initiative.”
In Feb this year, Taisys committed US$100 million investment in its Indian subsidiary, Taisys India, to spearhead crucial chip design initiatives aimed at advancing the automotive industry. Fiinews.com
