SPEL Semiconductor Ltd — Important, 29-07-2026: Company Update

SPEL Semiconductor's Board has approved a Strategic Tripartite Memorandum of Understanding (MoU) with California Software Company Limited (Calsoft) and Natronix-India. This collaboration targets research, development, design, and intellectual property creation for semiconductor chips, artificial intelligence, and related advanced technology solutions. Under the MoU, SPEL will be responsible for assembly, test, mark, and package operations, while Natronix-India will handle semiconductor IC design and design IP. This strategic partnership expands SPEL's involvement into advanced technology areas, enhancing its capabilities and future business prospects in the semiconductor and AI sectors.