Larsen & Toubro Ltd. (L&T) has disclosed that it plans to invest more than $300 million in a market-focused semiconductor industry with an expectation of designing the semiconductors very soon by the beginning of sales in the year 2027. This strategy complements the Indian government’s initiatives to become self-sufficient in semiconductor usage and manufacturers’ efforts to take advantage of the capital available from the policies. In this area, L&T will concentrate on automotive, industrial and energy sectors, focusing on power chips, RF semiconductors and mixed signal ICs.

This amount is small relative to other companies such as Nvidia, but it is crucial considering India, lures chipmakers as the US-China trade war forces manufacturers to look outside of China. India’s ambitious chip program worth $10 billion has already initiated investment drives from Tata Group and Micron Technology in the industry. L&T has 250 chip designers presently and an overlapped headcount is aiming for a workforce of 500 by the end of 2024, however external sources of finance would not be pursued. The company calls on the state to promote more benefits for chip design.

For more details : MSN.Com