MIC Electronics Soars on MoU With Singapore's Top2 to Look for Taiwan Semiconductor Partner

Hyderabad, September 10, 2025: MIC Electronics Limited (NSE: MICEL, BSE: 532850) shares jumped 8% in Wednesday’s trading session after the company announced that it signed a Memorandum of Understanding (MoU) with Singaporean Top2 PTE Limited to assist in closing a Taiwanese semiconductor fabrication partner. The development marks MIC’s foray into the high-potential semiconductor production value chain.

MoU Highlights

As part of the arrangement, Top2 PTE Limited would help MIC Electronics identify and obtain a fabrication partner in Taiwan. The proposal involves commencement of wafer manufacturing with an aimed capacity of 25,000 to 30,000 wafers per month, based on feasibility studies, negotiations, and clearances.

The firm specified that the MoU does not contain special rights like board representation or share subscription preference, nor equity participation or related-party deals, and it is therefore a strategic tie-up.

Stock Market Reaction

MIC Electronics shares were trading at ₹76.53 as of 12:55 pm IST, higher than yesterday’s close of ₹70.86. The stock opened at ₹71.00 and touched an intraday high of ₹77.00 before dropping to a low of ₹66.51. The buying momentum indicated active investor interest in the semiconductor diversification strategy, with volumes seen heavy at mid-session.

Important Market Information

As of reporting time, MIC Electronics had a market cap of ₹1,789.51 crore, and a free float market cap of ₹598.88 crore. The stock’s 52-week high and low were ₹44.20 to ₹114.79. As many as 261.6 lakh shares changed hands, at a traded value of ₹184.67 crore, and the VWAP (volume-weighted average price) was at ₹70.58.

Company Background

Incorporated in 1988 and based in Hyderabad, MIC Electronics Limited is essentially involved in the production of LED displays as well as lighting products. Listed on both NSE and BSE (NSE: MICEL, BSE: 532850), the group has been increasingly venturing into nearby technology streams. Its present adjusted price-to-earnings ratio is 179.15, an indication of high investor hopes on growth-driven initiatives like this semiconductor project.

REF: https://nsearchives.nseindia.com/corporate/MICEL_10092025112318_Update_on_MOU_-_Top2.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations