Bartronics India Limited, a fin-tech solutions provider, signed a Memorandum of Understanding (MoU) with Singapore’s PTW Group on January 8, 2025, marking PTW’s entry into the Indian semiconductor market. The agreement was signed in Hyderabad after meeting with Telangana’s IT Minister.

The shares of Bartronics India Limited were trading at ₹23.80 up by ₹0.23 or 0.98 per cent on the NSE today at 3.05 pm.

The proposed merger aims to establish semiconductor production, refurbishing, and training facilities in India. PTW Group, which operates in over 14 countries, holds the distinction of being the world’s only refurbisher with ‘approved vendor’ status across more than 700 fabs globally, including major players like TSMC, Samsung, and Texas Instruments.

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According to PTW Group Managing Director Torsten Seifried, the collaboration will focus on power semiconductor equipment production in India, with plans to leverage local market knowledge for emerging fabs. The partnership also aims to position India as a key center for PTW’s global development, production, and refurbishment operations.

Bartronics Managing Director N Vidhya Sagar Reddy emphasized that the merger would introduce advanced semiconductor technologies to India, fostering local manufacturing, training, and R&D opportunities. Singapore-based consulting firm TOP2 is advising both companies on the proposed merger.

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This development aligns with India’s broader ambition to establish itself as a global semiconductor hub.