Excited to announce that Indichip Semiconductors Ltd., in partnership with Japan's Yitoa Micro Technology Ltd. (YMTL), has signed an MoU with the Government of Andhra Pradesh to establish India's first private semiconductor fabrication facility. With an investment of ₹14,000 crore, this state-of-the-art facility will specialize in producing Silicon Carbide (SiC) chips, essential for energy-efficient technologies like electric vehicles and renewable energy.

Located in Kurnool's Orvakal Mega Industrial Hub, the facility will initially produce 10,000 wafers per month, scaling up to 50,000 wafers within 2-3 years. This milestone will propel Andhra Pradesh as a global semiconductor hub, demonstrating our ability to attract industries through innovative policies, world-class infrastructure, and a focus on nurturing talent. We're committed to providing seamless support to ensure the project's success, strengthening India's position in the global semiconductor ecosystem.