Tejas-owned Saankhya gets approval under semiconductor design scheme

Tejas Networks-owned Saankhya Labs on Wednesday received approval under the semiconductor design-linked incentive (DLI) scheme to develop a system-on-chip (SoC) for 5G telecom infrastructure equipment, it said in an exchange filing.

The semiconductor DLI scheme is part of the government’s Rs 76,000 crore semiconductor incentive scheme. The government kept aside Rs 1,000 crore for the DLI scheme.

“As India’s leading R&D-driven semiconductor and telecom products company, we continue to invest in path-breaking technologies and indigenisation of key components to realise the vision of an Atmanirbhar Bharat in the semiconductor and telecom sector,” said Parag Naik, chief executive officer and managing director of Saankhya Labs.