Indichip and YMTL to Invest ₹14,000 Cr in Andhra Semiconductor Plant

In a major achievement for India’s quest to become a global frontrunner in chip production, Indichip Semiconductors Limited, in collaboration with its joint venture partner, M/s Yitoa Micro Technology Limited (YMTL) from Japan, signed a Memorandum of Understanding (MoU) with the government of Andhra Pradesh to set up India’s inaugural private semiconductor manufacturing plant with an investment exceeding Rs 14,000 crores.

This state-of-the-art facility will concentrate on producing Silicon Carbide (SiC) chips, aiding India’s progress in technology and sustainability objectives.

The Andhra Pradesh government, through its Semiconductor Policy revealed in November 2024, strives to turn the state into a center for electronics and semiconductor production.

The new SiC manufacturing facility will start with a production capability of 10,000 wafers monthly, increasing to 50,000 wafers monthly over the next 2–3 years. This strategic investment corresponds with India’s Aatmanirbhar Bharat vision and responds to the increasing worldwide demand for energy-efficient technologies, electric vehicles, and renewable energy options.

The MoU was executed by Piyush Bichhoriya, managing director of Indichip, and Saikanth Varma, CEO of APEDB, with IT minister Nara Lokesh and industries minister Sri T.G. Bharath present. In attendance were Indichip directors Dr. Sandeep Garg, Mr. Web Chang, and business strategy president Mr. Ravi AV, along with JV partner representatives Mr. David York Yuan Chang, chairman of Yitoa Micro Technology Corporation (YMTC), Japan, and Mr. Motosugi Keisuke, CEO of YMTC, as well as project coordinator Mr. Bhaskar Reddy.