ENA Sectors 2025-01-13 16:35:43 <p><span style="font-size:14px"><strong>New Delhi, Jan 13 (KNN)</strong> In a landmark move towards making India a global semiconductor hub, Indichip Semiconductors Limited, in collaboration with Japan-based Yitoa Micro Technology Limited (YMTL), has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to establish Indias first private semiconductor manufacturing facility.</span></p> <p><span style="font-size:14px">The ambitious project, with an investment of over Rs 14,000 crores, marks a significant leap in the countrys technological journey.</span></p> <p><span style="font-size:14px">The cutting-edge facility will focus on manufacturing Silicon Carbide (SiC) chips, crucial for energy-efficient technologies, electric vehicles, and renewable energy solutions.</span></p> <p><span style="font-size:14px">Initially, the facility will produce 10,000 wafers per month, scaling up to 50,000 wafers monthly within two to three years, contributing to India's sustainability goals and its Aatmanirbhar Bharat vision.</span></p> <p><span style="font-size:14px">The MoU was signed by Piyush Bichhoriya, Managing Director of Indichip, and Saikanth Varma, CEO of APEDB, in the presence of Andhra Pradesh IT Minister Nara Lokesh and Industries Minister T.G. Bharath.</span></p> <p><span style="font-size:14px">Other notable attendees included Dr. Sandeep Garg, Director of Indichip, and representatives from Yitoa Micro Technology, including Chairman David York Yuan Chang and CEO Motosugi Keisuke.</span></p> <p><span style="font-size:14px">Speaking at the event, Nara Lokesh emphasised Andhra Pradeshs appeal as a destination for advanced industries, citing the states innovative Semiconductor Policy introduced in November 2024.</span></p> <p><span style="font-size:14px">This investment reflects our commitment to fostering cutting-edge technology and robust infrastructure, he said. T.G. Bharath echoed this sentiment, highlighting the job creation potential and ancillary industries the project will stimulate.</span></p> <p><span style="font-size:14px">Piyush Bichhoriya lauded the partnership as a step towards nation-building through innovation. Our focus on Silicon Carbide chips will strengthen Indias manufacturing ecosystem and contribute globally, he stated.</span></p> <p><span style="font-size:14px">Sandeep Garg underscored the projects role in creating sustainable solutions for emerging technologies.</span></p> <p><span style="font-size:14px">The state government has allocated land in the Orvakal Mega Industrial Hub, Kurnool, and pledged robust support to ensure the projects success.</span></p> <p><span style="font-size:14px">With this initiative, Andhra Pradesh is set to become a beacon for semiconductor and electronics manufacturing, propelling India to the forefront of the global technology landscape.</span></p> <p><strong><em><span style="font-size:14px">(KNN Bureau)</span></em></strong></p> 40626 https://knnindia.co.in/news/newsdetails/sectors/first-semiconductor-fab-announced-in-andhra-pradesh-with-rs-14000-crore-investment 2025-01-13 16:35:43 knnindia.co.in