Indian entrepreneurs quietly making their way into semiconductor industry

Leveraging govt incentives, firms like Tarq Semiconductors and Silicon Power Corp are making strides in compound chips and packaging

Indian entrepreneurs, including non-resident Indians, are quietly making their way into the country’s semiconductor industry. With proposals ranging from building compound semiconductor fabrication (fab) facilities to establishing semiconductor packaging plants in the country, these entrepreneurs are capitalising on the government’s liberal financial incentives under the semiconductor scheme.

These entrepreneurs come from various industries and include real estate giants like the Hiranandanis through their company, Tarq Semiconductors, Harshad Mehta, who runs US-based Silicon Power Corporation, and Delhi-based Sahasra Electronics, an Electronics Manufacturing Services (EMS) and Printed Circuit Board (PCB) fab company. The latter has already set up its silicon semiconductor packaging