What’s the story
L&T Semiconductor Technologies, a fabless chip company, has laid out its plans to start making semiconductor products within the next two years.
CEO Sandeep Kumar shared this info during a chat with PTI.
He added that the actual chip-making plants in India would come up, once the company hits a revenue mark between $50 million and $1 billion for different semiconductor technologies.
Company is building teams for product design
L&T Semiconductor is busy putting together teams to juggle around 15 different products at once.
Kumar mentioned they’re already halfway through this process, and should have a complete team in place within six months.
By the end of the year, they’re looking to manage 15 product designs at the same time, with about six designs already in progress thanks to their current team size.
Strategy to reduce foreign dependence
Kumar highlighted how crucial it is for India to kick off as a fabless chip company, as it would help reduce its dependence on foreign firms.
He thinks that creating and selling products that hold strategic value is the way to go.
Kumar also pointed out the potential dangers of making products for other companies, like the risk of them moving to another fab or even facing financial issues.
Partnership with IBM
L&T Semiconductor has been chatting with a bunch of big names in the sector and just sealed a deal with IBM.
They’re teaming up for some serious R&D to design cutting-edge processors.
This partnership could dive into processor designs for edge devices, hybrid cloud systems, and even stuff like mobility, industrial energy, and servers.
L&T Semiconductor’s chip production plans
L&T Semiconductor is gearing up to dive into chip manufacturing, focusing on everything from 130-nanometer nodes to the super-tiny 2-5 nm variety.
These chips can find their way into mobile phones, electric vehicles, and even industrial electronics.
To kick things off, they’ll have the chips made at an overseas semiconductor foundry, and if the costs add up, they might even think about setting up production back home in India.
