QUEBEC CITY, Canada LeddarTech Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is pleased to announce that it has concluded a long-term licensing arrangement with Renesas Electronics America Inc. to commercialize the LCA2 and LCA3 programmable
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India is competing with some of its key allies – the US and Europe – to attract chipmakers, and is offering a 50 per cent capital expenditure subsidy to successful applicants at the central level under its $10 billion incentive scheme, with state governments sweetening the deal further at their own end.
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This comes amid ongoing efforts by the Indian government to boost local semiconductor manufacturing, and announcements from companies such as Micron to set up OSAT plants.