VCI Global is setting up India’s first semiconductor wire manufacturing plant in partnership with Kinesis Manufacturing Solutions. This facility will specialize in producing semiconductor wire bonding, a key element in chip manufacturing.
The 25,000 SqFt plant will be located in Chennai, with an initial investment of 3.5 USD-Million. Operations will begin in the third quarter of 2025 with a single production line. Reaching mass production in the same quarter, the plant expects to generate up to 50 USD-Million, ensuring a full return on investment within just 12 months. Additionally, plans are already in motion to expand to four production lines, pushing annual revenue toward an impressive 200 USD-Million.
Also Read: India’s Semiconductor Boom: Key Takeaways from Semicon India 2024
Through this ambitious venture, VCI Global aims to lead India’s semiconductor wire market. Moreover, by supplying a crucial component for chip manufacturing, the company is positioning itself at the forefront of the nation’s growing semiconductor industry.
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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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