Sahasra to invest to set up memory chip unit
Sahasra Semiconductors, an electronics company, has stated that it anticipates being the first company to establish a memory chip assembly, test, and packaging unit in the nation and to begin marketing locally created chips by December.
Amrit Manwani, chairman and managing director of Sahasra Semiconductors, told PTI that the business intends to spend a total of Rs 750 crore to establish the factory in Bhiwadi, Rajasthan.
“For the construction of the ATMP facility in the Elcina industrial cluster in Bhiwadi, Rajasthan, we would invest Rs 150 crore during this fiscal year. By the end of this year, we anticipate it will be operating. We would make another investment of Rs. 600 crore after the market is established and we reach revenues of between Rs. 250 and Rs. 300 crore. We intend to first invest Rs 750 crore in total “Manwani remarked.
He stated that the company’s commercial production is anticipated to generate income in the first full financial year of roughly Rs 50 crore, which is anticipated to increase to Rs 500 crore by 2025–26.
Manwani claimed that the corporation has already committed Rs 60 crore to the current fiscal year and will invest the remaining Rs 75 crore by March 2023. In 2023–2024, the remaining Rs 75 crore will be invested.
The company has spent the majority of its money building up the clean room facilities and purchasing the necessary equipment for semiconductor packing.
“By the middle of August, we anticipate the first set of equipment to arrive at our factory after departing from Singapore this week. There will be a lot of equipment between August and September. We anticipate conducting test runs in November and beginning commercial production in December of this year “Manwani remarked.
The Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) of production linked incentive scheme has approved Sahasra Semiconductors’ plan to establish an ATMP unit.
According to Manwani, the company has been in the business of selling semiconductors after importing them, but has now chosen to get involved in semiconductor packaging due to growth opportunities in the domestic market brought on by governmental policies, the geopolitical environment, and security-related worries.
He claimed that the Sahasra group had previously supplied memory devices to US and Japanese-based technology businesses, but that following their withdrawal from the Indian market for memory products, the company began marketing its own line of products.
We have been one of the major players in the memory segment, supplying pen drives, SD cards, and solid state drives for the computer segment. “The demand for memory products is identified. We will not only use the semiconductors for our captive consumption but will give out to brands who demand for it,” Manvani said.
According to him, the entire demand for semiconductors is in the range of Rs 7000–10,000 crore, and the company is optimistic that it would capture 5-7% of the market by 2025–2026.