MIC Electronics Limited (BSE: 532850, NSE: MICEL), a global leader in the design, development, and manufacturing of LED video displays, has announced that its board has approved raising of funds up to INR 250 Cr, and USD 15 Mn via FCCBs (Foreign Currency Convertible Bonds), subject to the approval of shareholders of the Company and other regulatory / statutory approvals.
Recently, the company announcedthat the company has entered into a MOU with Chipex
Technologies Private Limited. The Memorandum of Understanding establishes a collaborative framework between Chipex and MIC to jointly develop custom semiconductor solutions aligned with MIC’s product roadmap. Through this partnership, MIC aims to enhance product differentiation, performance, and long-term supply stability by using co-developed custom silicon instead of standard components.