Powency is pleased to announce that they tied with Taiwanees group to launch III-V compound semiconductor manufacturing in India. Which include epitaxi wafers (GaN on Si, GaN on SiC), high mobility device manufacturing, turn key solution provider, high power devices using GaN, GaAs material. The next task is to received government support and local investor. Taiwan group has assure 6Mn US Dollar to invest in this venture. Rest of the 24Mn US Dollar has to be raised from local private investor for series A funding. Factory floor plan and financial budget details are already prepared. We will soon announce the local promoters details, location of the factory once it is formallised officially.