The joint venture with Japan's Yitoa Micro Technology will see an investment exceeding Rs.14,000 crores in the cutting-edge facility, focusing on the production of Silicon Carbide (SiC) chips

Metro India News | AMARAVATI

In a major boost for India's semiconductor ambitions, Indichip Semiconductors has signed an MoU with the Andhra Pradesh government to establish the country's first private semiconductor fabrication facility. The joint venture with Japan's Yitoa Micro Technology will see an investment exceeding Rs.14,000 crores in the cutting-edge facility, focusing on the production of Silicon Carbide (SiC) chips.

The move aligns with the state's ambitious Semiconductor Policy, unveiled in November 2024, aiming to transform Andhra Pradesh into a major hub for electronics manufacturing. The SiC fab will commence operations with a monthly capacity of 10,000 wafers, gradually scaling up to 50,000 wafers within two to three years. This strategic investment is expected to not only create thousands of jobs but also drive innovation and contribute significantly to India's Atma Nirbhar Bharat vision.

The MoU was signed in the presence of IT Minister Nara Lokesh and Industries Minister T.G. Bharath. Minister Lokesh emphasized the state's commitment to attracting cutting-edge industries, while Minister Bharath highlighted the project's potential to transform Andhra Pradesh into a manufacturing powerhouse.

Piyush Bichhoriya, Managing Director of Indichip, expressed his confidence in the project's ability to strengthen India's manufacturing ecosystem and contribute to the global semiconductor industry. Dr. Sandeep Garg, Director at Indichip, further emphasized the significance of SiC technology in addressing the growing demand for energy-efficient solutions in sectors like electric vehicles and renewable energy.

The Andhra Pradesh government has committed to providing land, infrastructure, and a conducive ecosystem to ensure the project's success. With this development, Andhra Pradesh is poised to emerge as a leader in India's burgeoning semiconductor and electronics manufacturing sector.