Suchi Semicon To Invest $100 Million To Set Up OSAT Plant In Gujarat
Surat-based semiconductor manufacturing company, Suchi Semicon Pvt., will be setting up an Outsourced Semiconductor Assembly and Test plant in Gujarat by November 2024.
Spanning an initial area of 30,000 square feet, the plant will have the capacity to produce up to 30 lakh chips per day. The company is making an investment of over $100 million in this facility, which will feature cleanroom environments.
The facility is expected to create up to 1,200 jobs. By leveraging technology and infrastructure, Suchi Semicon seeks to offer competitive pricing and high-quality services in the global semiconductor market.
“India's semiconductor industry stands at a pivotal moment of growth and transformation. Suchi Semicon's plant aims to boost India's semiconductor production and address global demand by localising semiconductor assembly and testing. This approach will reduce supply chain lead times and logistical costs, benefiting companies with design operations in India," said Ashok Mehta, founder of Suchi Semicon.
The company has also signed Memorandums of Understanding with engineering colleges like Sardar Vallabhbhai National Institute of Technology and Gujarat Technological University to support skill development and create a skilled workforce.
The company's foray into the semiconductor sector is encouraged by the developing ecosystem in India and government. “Earlier for semiconductors, a supporting ecosystem didn't exist, but now the Indian government is actively fostering one. This growing ecosystem is making it easier to conduct semiconductor business in India. Major players like Micron are key in developing and driving this ecosystem forward,” Shetal Mehta, co-founder of Suchi Semicon, told NDTV Profit.
Suchi Semiconductor has received an incentive of 30% of capex investment from the Gujarat government. It has also applied to get subsidies under the electronics policy, and India Semiconductor Mission—the complete approval of which it awaits.
The facility will serve key sectors such as consumer electronics, automobiles, telecommunications, and wearables, said the company.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
