Sahasra Semiconductor To Start Chip Production: Report According to the report, the company has set up its semiconductor assembly, test and packaging unit in Bhiwadi district

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

The chief executive officer of Sahasra Semiconductor Varun Manwani has said that the company will start the commercial production of first Made in India memory chips from September or early October, according to an FE report.

According to the report, the company has set up its semiconductor assembly, test and packaging unit in Bhiwadi district from where it will initially package basic memory products like MicroSD cards, chip-on-board, etc and will later move on to advanced packaging of products such as internal memory chips.

"We will be the first Indian semiconductor company to start the production of chips. We actually did some trial production in March and the commercial production will start sometime in September and early October," Manwani told FE, adding that the company gets orders from small and medium sized companies to make chips for them and is also looking at export opportunities.

Reportedly, the company will invest INR 600 crore over five to six years for producing the chips and setting up infrastructure around it. It also revealed Sahasra is looking to apply under the semiconductor incentive scheme, where the government will bear 50% of the project cost.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

News and Trends

NeoSapien Secures INR 80 Lakhs on Shark Tank India 4 for AI Wearable

Founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien aims to integrate AI into daily life through its wearable technology

News and Trends

Accel Fuels Sarla Aviation's Flying Taxi Ambitions with USD 10 Mn Investment

Angel investors, including Binny Bansal (Flipkart co-founder), Nikhil Kamath (Zerodha co-founder), and Sriharsha Majety (Swiggy co-founder), also participated in the round.

News and Trends

Eccentric Eyes Global Expansion with USD 5 Mn Pre-Series A Funding

The round was co-led by Exfinity Venture Partners and Arkam Ventures, marking the company's first institutional funding since its inception in 2012.