 "L&T Semiconductor aims to launch indigenous chips by 2026, reducing India’s tech dependency and ensuring strategic product retention.")
L&T Semiconductor Technologies, a fabless chip company, is gearing up to begin manufacturing its own semiconductor products within the next two years. CEO Sandeep Kumar announced that the company aims to set up chip manufacturing plants once it reaches revenue targets between USD 50 million and USD 1 billion. Currently, L&T is developing teams to work on about 15 product designs, with six already underway. Kumar emphasized the importance of creating indigenous products to reduce reliance on foreign technology. Additionally, L&T’s collaboration with IBM focuses on designing advanced processors for various applications, showcasing the company’s commitment to innovation and strategic resource retention in India’s semiconductor sector.
L&T Semiconductor Technologies is poised to begin manufacturing its own semiconductor products within the next two years, according to CEO Sandeep Kumar. The fabless chip company, which designs semiconductor products, plans to set up manufacturing plants after achieving significant revenue between USD 50 million and USD 1 billion across various technologies.
Kumar highlighted that L&T is currently developing teams to handle approximately 15 different product designs and aims to be fully operational with these designs in the next six months. He expects that production will commence within two years, starting with designs that are likely to launch by the end of next year.
Kumar emphasized the importance of indigenous manufacturing, asserting that developing products locally helps India reduce its reliance on foreign companies. He noted that if India can create its own semiconductor products, it can safeguard its technological independence.
Other companies, such as Tata Electronics, Micron, and Adani Group, are also making strides in semiconductor manufacturing in India, boasting a cumulative investment commitment of Rs 1.52 lakh crore. In partnerships with international firms, L&T Semiconductor is exploring research and development operations, including a collaboration with IBM to design advanced processors for various applications.
Looking at future technologies, Kumar discussed the plans for chips with nodes as small as 2 to 5 nanometers, essential for devices like smartphones and electric vehicles. He mentioned that these advancements are crucial for India’s position in the global semiconductor Market.
As the demand for semiconductors continues to rise, L&T Semiconductor’s strategic focus on local manufacturing and collaboration with global leaders suggests a promising future for India’s technology landscape.
Tags: L&T Semiconductor, Sandeep Kumar, semiconductor manufacturing, India technology, IBM partnership, fabless chip company, electric vehicles, smartphone chips.
What is L&T Semicon planning to do?
L&T Semicon plans to start chip production in two years and will set up a new production unit.
When will the chip production begin?
The chip production is expected to begin in about two years.
Why is L&T Semicon setting up a new unit?
They are setting up a new unit to increase their production capacity and meet the demand for semiconductors.
What are semiconductors used for?
Semiconductors are used in many electronic devices like smartphones, computers, and cars.
How will this affect the Market?
Starting production will help reduce the shortage of chips and could lead to lower prices and more availability for consumers.
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