Get All Access for $5/mo

Sahasra Semiconductor To Start Chip Production: Report According to the report, the company has set up its semiconductor assembly, test and packaging unit in Bhiwadi district

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

The chief executive officer of Sahasra Semiconductor Varun Manwani has said that the company will start the commercial production of first Made in India memory chips from September or early October, according to an FE report.

According to the report, the company has set up its semiconductor assembly, test and packaging unit in Bhiwadi district from where it will initially package basic memory products like MicroSD cards, chip-on-board, etc and will later move on to advanced packaging of products such as internal memory chips.

"We will be the first Indian semiconductor company to start the production of chips. We actually did some trial production in March and the commercial production will start sometime in September and early October," Manwani told FE, adding that the company gets orders from small and medium sized companies to make chips for them and is also looking at export opportunities.

Reportedly, the company will invest INR 600 crore over five to six years for producing the chips and setting up infrastructure around it. It also revealed Sahasra is looking to apply under the semiconductor incentive scheme, where the government will bear 50% of the project cost.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Science & Technology

Why We Shouldn't Fear AI in Education (and How to Use It Effectively)

Facing resistance to new technologies in the educational process is nothing new, and AI is no exception. Yet, this powerful tool is set to overcome these challenges and revolutionize education, preparing students and professionals for a future of unparalleled efficiency and personalized learning.

Growing a Business

How to Determine The Ideal Length of Your Marketing Emails Your Customers Will Actually Read

Wondering how long your marketing emails should be? Here's what consumers say — so you can send them exactly what they like.

Business News

A Former Corporate Lawyer Now Makes Six Figures on YouTube — Here's How She Does It

Here are the secrets to starting and growing a successful YouTube channel, according to a YouTuber with millions of subscribers.

Business News

New Southwest Airlines Major Investor Wants to Force Out CEO, Slams Company's 'Stubborn Unwillingness to Evolve'

Elliot Investment Management announced a $1.9 billion stake in the Dallas-based Southwest Airlines on Monday and is urging shareholders to vote for new leadership.

Business News

Elon Musk Threatens to Ban Employees from Using Apple Products, Says Will Lock Devices in 'Cages'

The Tesla founder sounded off on X following Apple's 2024 Worldwide Developer Conference on Monday.