Indian government is expected to contribute a staggering 90% of the cost
The announcement comes as fab demands is heating up on the back AI explosive growth
Construction of these fabs is a very long process and always lags demand, sometimes by years
L&T Semiconductor Technologies (LTSCT), a fabless chip startup backed by Indian engineering firm Larsen & Toubro, is planning to build a $10 billion wafer fabrication facility in India.
A report by eeNews Analog claims the ambitious plan hinges on LTSCT achieving $1 billion in annual revenue by the 2026–2027 fiscal year.
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