L&T Semiconductor Technologies (LTSCT), a fully owned subsidiary of L&T, has set its sights on establishing India as a global leader in semiconductor chip design. With an initial investment of $300 million over three years, LTSCT aims to develop cutting-edge chip solutions for key sectors like automotive, industrial, and energy.
LTSCT's strategy centers around understanding the needs of large, strategic customers in its target sectors. The company aims to develop tailored solutions that are market-ready from the outset, reducing the risk associated with launching new technologies.
LTSCT believes that India needs homegrown semiconductor product companies to establish self-reliance in critical technologies. Having domestic semiconductor product companies ensures that India can secure its supply chain and reduce dependence on global players amidst geopolitical uncertainties.
LTSCT has announced discussions to engage in research and development collaboration with IBM to design advanced processors. This collaboration could include processor design for edge devices, hybrid cloud systems, and areas like mobility, industrial, energy, and servers.
LTSCT recognizes the importance of government support for product development and semiconductor design. While building fabs involves tangible infrastructure, product development requires deeper technical understanding and the ability to evaluate long-term innovation potential.
LTSCT's CEO, Sandeep Kumar, has made a bold move by bringing together some of the best minds in the semiconductor industry from across the globe. This has created a cohesive environment where these individuals can collaborate effectively as a team.
LTSCT's ambitions for India's semiconductor industry are ambitious but achievable. The company's commitment to innovation, customer-centricity, and talent development has the potential to transform India into a global hub for semiconductor design and manufacturing.
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