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Suchi Semicon Begins Chip Plant Without Centre’s Incentive, Plans $100 Million Investment in 3 Years

Gujarat-based Suchi Semicon has commenced semiconductor production without waiting for incentives under the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) or the India Semiconductor Mission. The company has announced an ambitious plan to invest $100 million (approximately ₹840 crore) over the next three years. A Self-Sustained Business Plan Ashok Mehta, Chairman of Suchi Group and Founder …

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₹27,000 Crore Assam Semiconductor Plant: A Game-Changer for India’s Chip Ecosystem

India is making strides toward becoming a global semiconductor powerhouse, with the development of a state-of-the-art facility in Morigaon, Assam. Spearheaded by Tata Semiconductor Assembly and Test Pvt Ltd (TSAT) with an investment of ₹27,000 crore, the plant is slated for completion by mid-2025. The facility will strengthen India’s semiconductor ecosystem and reduce reliance on imports, contributing to the country’s …

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India’s Semiconductor Industry to Generate a Million Jobs by 2026, Report Finds

As India moves toward becoming a global hub for semiconductor manufacturing, the sector is projected to create up to one million jobs across diverse roles by 2026, according to a recent report by talent solutions provider NLB Services. The surge in demand spans various specialties, from fabrication and testing to design and quality control, as the country aims to solidify …

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L&T Semiconductor Technologies Aims to Sign First Clients by September, Plans for $12 Billion Investment in Indian Fabs

August 14, 2024 | IoTAdda News Desk L&T Semiconductor Technologies (LTSCT), a division of the engineering and construction conglomerate Larsen & Toubro, is making bold strides to establish itself as a global semiconductor player. The company plans to sign its first clients by September 2024 and is eyeing the construction of three semiconductor fabrication plants (fabs) in India, with potential …

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