L&T Semiconductor plans $10 bn investment in silicon fabrication plant

Move only after it has visibility of hitting $1 bn annual sales of fabless semicon products designed by the firm

L&T Semiconductor Technologies (LTSCT), a fully owned subsidiary of Larsen & Toubro, has put together a plan to invest over $10 billion in a silicon fabrication (fab) plant after it gains clear visibility by 2026-27 of hitting at least a $1 billion per annum revenue run rate by selling its own designed and patented chips and semiconductor products (manufactured by third parties) in both the Indian and global markets.

 

Speaking to Business Standard, Sandeep Kumar, chief executive officer of the company, said: “We have decided not to follow the foundry path like Taiwan Semiconductor Manufacturing Company (TSMC) and make chips