Sahasra Semiconductors plans to invest Rs 750 cr to set up memory chip unit

Electronics firm Sahasra Semiconductors has said it expects to become the first company to set up a memory chip assembly, test and packaging unit in the country and start selling locally-made chips by December.

Sahasra Semiconductors chairman and managing director Amrit Manwani told PTI that the company plans to invest a total of Rs 750 crore in setting up the unit at Bhiwadi in Rajasthan.

“We will invest Rs 150 crore in this financial year for setting up the ATMP facility in Elcina manufacturing cluster in Bhiwadi, Rajasthan. We expect it to be operational by the end of this year.