Indian company Sahasra Semiconductors produces memory chips for the first time

 Indian company Sahasra Semiconductors produces memory chips for the first time

By the end of the year, Sahasra's Bhiwadi plant will have increased its capacity to thirty percent, and in the following phase, the firm intends to completely fulfill its potential.

In 2000, a graduate of IIT Kanpur founded Sahasra, a name meaning "thousand" in Sanskrit and denoting the start of a new century.

Sahasra Semiconductors, situated in Rajasthan, has surpassed Micron to begin the commercial manufacture of the first memory chips made in India. According to reports, the business began manufacturing earlier this month at its semiconductor assembly, testing, and packaging facility in the Bhiwadi area of Rajasthan.

The US memory chip behemoth Micron Technology said early in June that it will be investing over Rs 22,540 crore to establish a semiconductor assembly and testing plant in Gujarat.

According to a report in the Economic Times, Amrit Manwani, the Managing Director of Sahasra Group, said that the firm was the pioneer in offering "Made-in-India" micro-SD cards and that the items had garnered remarkable feedback on e-commerce platforms.

The information could not be independently verified by Moneycontrol.

On October 27, India's Minister of Electronics and Information Technology, Ashwini Vaishnaw, highlighted the country's large talent pool while expressing his excitement about India's potential to become a major center for semiconductor manufacture.

In 2000, a graduate of IIT Kanpur founded Sahasra, a name meaning "thousand" in Sanskrit and denoting the start of a new century. The company's many business ventures highlight its contribution to the electronics and technology manufacturing industry's several facets.

The CEO of Sahasra, Varun Manwani, said in a Moneycontrol interview earlier this month that the company's first phase would need an initial investment of around Rs 350 crore. The business has already allocated Rs 160 crore of this for equipment and plant. Over the course of two to three years, the second phase of investment is expected to total around Rs 190 crore.

By the end of this year, Sahasra's Bhiwadi unit is projected to have increased its capacity to thirty percent, and in the next phase, which is anticipated to begin in early 2024, the business hopes to completely achieve its potential. The firm will enhance its semiconductor manufacturing capabilities by introducing improved packaging of goods, such as internal memory chips, in the second phase.

Under two significant government programs to boost semiconductor production in India, the business has received clearance. The production-linked incentive (PLI) program for white goods components and subassemblies and the program to promote the manufacture of semiconductors and electronic components (SPECS) are two examples of these programs.

Sahasra's efforts to produce semiconductors are greatly aided by the 25 percent capital expenditure that it is entitled to under SPECS in the event that it chooses to establish or expand its manufacturing plant.