L3HRI, an exide-technology company based in the Netherlands, has signed a memorandum of understanding with Indian semiconductor company, Exide Technologies to create a joint venture that will develop exide and other exide chipsets.
L3HRE, which has already invested in Exide’s chip manufacturing and distribution business, is a spinoff of L3Harris, which develops exide processors and modules.
Exide is a technology company based at the University of Technology Amsterdam that has its own manufacturing and logistics operations in the country.
Exide said in a statement that L3RIS has been an active player in the exide market, but it has been unable to offer competitive products due to the lack of a large scale manufacturing facility.
“We were looking to develop a manufacturing and export facility in the US and L3SHRI has a proven track record of success in manufacturing exide products and developing exide software and chipsets,” the statement said.
“We are extremely excited to partner with L3 Harris to further enhance our Exide and Exide technologies.”
L3Haris has been the world’s largest exporter of exide modules and chips.
Exides chipsets are currently used in mobile phones and laptops, among others.LOLO, a leading software company based near Delhi, is also developing exides for the exides market.
LOLO CEO Kunal Srivastava said that Exide will be a good partner for the company, which is in a difficult position due to its global scale and limited distribution capacity.
L2HRI said that the agreement between Exide, L3hRI and L2HRE will create a new joint venture to provide high-quality products to Exide customers and provide the best service in terms of quality, value and safety.
“The agreement will also ensure a high level of collaboration with the Exide team and its customers,” L2hRI said.
L1RIS, a global leader in exides technology, has also announced a memorandum with Exide.
The company said it has agreed to develop Exide products in a global scale.
The agreement will help L1RISE develop Exides technology in a sustainable way and will help expand Exides global market,” the company said in the statement.LOO, a technology and manufacturing company based on the east coast of India, is among the world leaders in exies and is one of the largest exporters of exides chips.
LOO CEO G.S. Dharmasena said that it is also keen to work with Exides chip manufacturing facility in India.
Loo’s chipsets for smartphones and tablets, which include Exides M8 chipset and Exides C8 chipset, have been designed for use in the Indian market, and LOO plans to develop more Exides in the future.