BluMatus Technologies and LTSCT Sign MOU to Advance SiC and Power Semiconductor Solutions
Cross border partnership to boost the AI Data Centre and Semiconductor market in India
(From left to right) Stanley Lin, CEO of BluMatus Technology;
Sandeep Kumar, CEO of L&T Semiconductor Technologies;
Gary Cheng, Chairman of BluMatus Technology
July 9 2026
The announcement comes at a pivotal year for the global semiconductor industry. India's 2026 Union Budget introduced five-year tax exemptions and near-zero import duties on semiconductor components - policy signals actively catalysing bilateral India-Taiwan partnerships. India's ISM 2.0 is pivoting decisively toward fabless design and IP-led development, with TSMC already fabricating chip designs from DLI-backed Indian startups in early 2026. The broader trilateral de-risking model - combining Japan's capital, Taiwan's ecosystem expertise, and India's engineering talent - is taking concrete shape, and this MOU between LTSCT and BluMatus is a direct expression of that bilateral momentum.
Under the terms of the MOU, the collaboration spans two primary product domains. The first encompasses SiC MOSFETs, diodes, and related modules and components for AI data center applications, including power supplies, server power architecture, uninterruptible power supply (UPS) systems, and energy efficiency solutions. The second covers semiconductor like Rectifiers and MOS-based products for application areas including smart and conventional energy metering systems, HVAC power control and solar inverter applications, BLDC motor drives, and consumer electronics.
The MOU is structured around three objectives:
- Establishing a cooperative framework for market development, customer engagement, and joint promotional activities targeting AI data centers, OEMs, ODMs, and power solution providers
- Defining a mutual technical support structure encompassing reference designs, engineering samples, evaluation kits, and application documentation; and
- Creating a foundation for long-term supply arrangements, product customisation, demand forecasting, and potential co-development initiatives.
The Parties have committed to executing a Definitive Agreement as a Distribution, Supply, or Joint Development Agreement within one year.
Under the agreed division of responsibilities, LTSCT will provide product roadmaps, technical specifications, application guidance, engineering samples, and regulatory compliance support, while participating in joint customer engagements. BluMatus will lead market development, sales, and customer relationship management within agreed territories, while delivering first-line technical support, market intelligence, and coordinating joint marketing efforts.
Commenting on the MOU, Dr. Sandeep Kumar, Chief Executive, LTSCT, said: "India is no longer waiting at the edges of the global semiconductor map - it is actively drawing new lines on it. This MOU with BluMatus is a statement of intent: LTSCT is building India's semiconductor future not in isolation, but through deliberate, strategic alliances with the world's most capable semiconductor ecosystems. The India-Taiwan corridor is fast becoming one of the most consequential axes in global semiconductor development, and this partnership places LTSCT at its centre combining our fabless design capability and IP-led product vision with BluMatus's deep Taiwan ecosystem reach. We are not just addressing today's demand for high-performance power semiconductors. We are laying the institutional groundwork for a durable, cross-border value chain that will serve the AI infrastructure and industrial power markets for years to come."
Commenting on the MOU, Stanley Lin, Chief Executive Officer of BluMatus Technologies Inc., said:
This partnership underscores BluMatus’s commitment to building a resilient, execution‑driven power semiconductor ecosystem globally. By combining LTSCT’s IP‑led product vision and application expertise in India with BluMatus’s Taiwan‑based design know‑how and go‑to‑market execution, we are moving beyond a traditional distributor model toward true co‑design enablement.
Our shared goal is to accelerate time‑to‑market for high‑performance SiC and power semiconductor solutions that meet the stringent efficiency, reliability, and scalability demands of AI data centers and industrial applications worldwide.
About L&T Semiconductor Technologies (LTSCT):
LTSCT, a fully owned subsidiary of L&T, is the first major Indian Semiconductor product company - a fabless company for designing & delivering Smart Devices for Global Customers. A company that provides Semiconductor Devices and Technology partnerships by helping customers realise energy-efficient, high-performance systems to benefit from data, electrification and software-defined technology trends. Our aim is to build an India-based semiconductor portfolio of Smart Devices across MEMS Sensors, Power, Analog Mixed Signal & RF products, to support Automotive, Industrial, Energy and Telecommunication verticals. We have a presence in four prominent geographies, i.e. US, Europe, Japan and India, with offices in Austin, Munich, Tokyo, Bangalore and Chennai.
For more information, visit https://www.ltsct.com/about-us/
About BluMatus Technology Inc.
AzureMoto Technology Inc. is a Taiwan-based fabless semiconductor company established in September 2024, specializing in the design and development of high-efficiency power semiconductor devices, including MOSFETs, IGBTs, LDO ICs and wide bandgap technologies such as SiC and GaN. Headquartered in Hsinchu, Taiwan, the company leverages strong R&D capabilities and collaborates closely with foundry and packaging partners to deliver high-performance, high-reliability, and cost-effective power solutions. AzureMoto focuses on providing comprehensive discrete power device solutions for a wide range of applications, including AI data centers, automotive electronics, industrial automation, telecommunications infrastructure, and consumer electronics. With a vision to become a global technology leader in power semiconductors, AzureMoto is committed to innovation, international market expansion, and long-term sustainable growth, offering customers advanced and efficient power management solutions tailored to next-generation applications.
For more information, visit https://www.azuremoto.com