Indichip Semiconductors, in a joint venture with Japan's Yitoa Micro Technology, signed an MoU with the Andhra Pradesh government to set up India’s first private semiconductor manufacturing facility with an investment of over ₹14,000 crores.

Focused on Silicon Carbide chips, the facility aims to boost India’s technological and sustainability goals and create thousands of jobs in the region

The govt of Andhra Pradesh, under its Semiconductor Policy announced in November 2024, aims to transform the state into a hub for electronics and semiconductor manufacturing.

The new SiC fab facility will begin with a production capacity of 10,000 wafers per month, ramping up to 50,000 wafers per month within 2–3 years. This strategic investment aligns with India’s Aatmanirbhar Bharat vision and addresses the growing global demand for energy-efficient technologies, electric vehicles, and renewable energy solutions

The state govt has pledged to provide the required land in Orvakal Mega Industrial Hub, Kurnool, and provide necessary infrastructure and ecosystem towards making this project successful.

With this development, Andhra Pradesh is poised to emerge as a leading destination for semiconductor and electronics manufacturing, setting a benchmark for India’s growing technological process.

Source - TOI 

Signing off

@Rahul S

@iQOO Connect@NITIN@RZ Nitin@Hasan Raza Khan@Sagar Medda66@QoolVivek@JStreetS