Announcement under Regulations 30 of SEBI LODR Regulations, 2015- updates
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Highness Microelectronics Ltd has signed a Strategic Alliance Memorandum of Understanding (MoU) with Axiom Manufacturing, a US-based company headquartered in Richardson, Texas. The MoU, executed on May 1, 2026, outlines a framework for exploring collaboration in technical areas (advanced electronics architecture, design workflows), manufacturing synergies (utilizing Highness's SMT/COG/FOG lines for India/APAC markets and Axiom's US facilities for Americas), and resource sharing. Axiom brings 34 years of experience in high-end PCB manufacturing for defense, aerospace, and SATCOM sectors. The partnership aims to provide global market access, support China+1 supply chain diversification, and enhance Highness's entry into high-value segments.
This MoU opens potential pathways into North/South American markets and defence/aerospace segments, strengthening Highness's global positioning, though the agreement is currently exploratory with no binding commercial commitments yet.