Indichip Semiconductors inks cope with Andhra govt to arrange Rs 14,000 crore facility

AMARAVATI: Indichip Semiconductors Ltd together with its three way partnership companion Yitoa Micro Know-how (YMTL) from Japan, on Saturday inked an settlement with the Andhra Pradesh authorities to ascertain India’s first non-public semiconductor manufacturing facility with an funding of Rs 14,000 crore. This cutting-edge facility will give attention to manufacturing Silicon Carbide (SiC) chips, contributing to India’s technological development and sustainability objectives.
The southern state pledged to offer land at Orvakal mega industrial hub in Kurnool, together with the required infrastructure and ecosystem to make this undertaking successful.
“The brand new SiC fab facility will start with a manufacturing capability of 10,000 wafers per 30 days, ramping as much as 50,000 wafers per 30 days inside two to 3 years. This strategic funding is aligned with India’s Atma Nirbhar Bharat imaginative and prescient and addresses the rising international demand for energy-efficient applied sciences, electrical autos, and renewable power options,” mentioned an official press launch.
The deal was struck within the presence of Andhra Pradesh IT Minister Nara Lokesh and Industries Minister TG Bharat.
“This funding is a testomony to Andhra Pradesh’s potential to draw cutting-edge industries by progressive insurance policies and sturdy infrastructure,” mentioned Lokesh.