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L&T Semiconductor Aims to Be the NVIDIA India Never Had
- L&T Semiconductor Technologies (LTSCT) aims to become India's first major semiconductor product company, departing from the traditional services model.
- Led by CEO Sandeep Kumar, LTSCT focuses on building chip IP and becoming a full-fledged chipmaker to rival global players like NVIDIA.
- With an initial capital of ₹830 crore, LTSCT targets a revenue of $1 billion in the next four to five years by adopting a fabless model initially.
- Recognizing the need for product companies, LTSCT aims to bring Indian semiconductor products to the global market, not just manufacturing chips for others.
- The company plans to develop a variety of chips targeting sectors like mobility, industrial, energy, and telecom globally, with a pipeline of over 50 clients.
- India's semiconductor market is projected to grow significantly, presenting opportunities for companies like LTSCT in various sectors such as mobile handsets, IT, and automotive.
- While currently fabless, LTSCT plans to establish its own fabs in the future, based on demand, to prevent empty fab scenarios and maintain optimal production costs.
- LTSCT's strategic approach focuses on product quality and global competitiveness rather than direct competition with fabs, aiming to establish a strong semiconductor product brand from India.
- By aiming to create India's own NVIDIA, LTSCT is poised to pave the way for India to have a globally recognized semiconductor brand in the future.
- As India emphasizes semiconductor self-reliance, initiatives like LTSCT play a crucial role in reducing dependency on foreign players and boosting the domestic semiconductor industry.
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