Indichip Semiconductors inks deal with Andhra govt to set up Rs 14,000 crore facility

Amaravati-based Indichip Semiconductors Ltd and Japan’s Yitoa Micro Technology will invest Rs 14,000 crore in Andhra Pradesh to establish India’s first private semiconductor manufacturing facility. The project, focused on producing Silicon Carbide chips, is set to support energy-efficient technologies and aligns with India’s Atma Nirbhar Bharat vision.