L&T Semicon expects its chip production to start in 2 years; to set up unit later

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Times of India 5h ago

L&T Semicon expects its chip production to start in 2 years; to set up unit later - Times of India

Quick Summary:

L&T Semiconductor Technologies plans to manufacture its designed semiconductor products within two years, aiming to establish chip manufacturing plants after reaching a revenue threshold of USD 50 million to USD 1 billion.

Currently, they are forming teams for about 15 different products and have signed an agreement with IBM for advanced processor design.

Kumar said that to build on semiconductor products, L&T is in talks with several leading firms in the space and has recently signed a pact with IBM as well.