Sahasra Semiconductors has announced a plan to set up a memory chip assembly, test and packaging unit in the country and start selling locally-made chips by December.
Sahasra’s proposal to set up a semiconductor unit has been approved under the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) of the production-linked incentive scheme.
Amrit Manwani, chairman, and managing director, Sahasra Semiconductors told PTI that the company plans to invest a total of Rs 750 crore in setting up the unit at Bhiwadi in Rajasthan.
“We will invest Rs 150 crore in this financial year for setting up the ATMP facility in Elcina manufacturing cluster in Bhiwadi, Rajasthan. We expect it to be operational by the end of this year. Once the market is established and we touch revenue in the range of Rs 250-300 crore then we will again invest Rs 600 crore. In total, we plan to invest Rs 750 crore initially,” Manwani said.
He said that the first full financial year of the company’s commercial production is expected to generate a revenue of around Rs 50 crore, which is expected to grow to Rs 500 crore by 2025-26.
Semiconductors are converted into a complete product ready for sale at ATMP (Assembly, Testing, Marking and Packaging) units. It is the next step after the wafers or chips are produced at a fabrication plant.