Yitoa Micro Technology Ltd (YMTL) of Japan has signed an MoU with the Andhra Pradesh Government to establish India’s first private semiconductor manufacturing facility. With an investment exceeding an estimated 14,000 INR-Crore, this project will be located at the Orvakal Industrial Park in Kurnool district.
The state-of-the-art facility will specialize in producing Silicon Carbide (SiC) chips. These chips will drive India’s technological progress while aligning with its sustainability objectives. Additionally, the semiconductor manufacturing facility in Andhra Pradesh will start with a monthly production of 10,000 wafers. Over the next 2-3 years, this capacity will expand to an impressive 50,000 monthly wafers.
Also Read: India’s Semiconductor Boom: Key Takeaways from Semicon India 2024
This strategic collaboration aims to create advanced technology solutions while addressing the increasing demand for energy-efficient systems. It will also contribute to sustainable development in electric vehicles and renewable energy sectors.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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