Latest news with #LTSCT
Entrepreneur
4 days ago
- Automotive
- Entrepreneur
GPUs, Fab, Products: L&T Semiconductor Is Paving Its Way Ahead
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. With a pipeline of more than 50 customers and 11 active projects on the product side, L&T Semiconductor Technologies (LTSCT), a fabless chip company, is ready to power India's semiconductor aspirations. The company also has plans on rolling out graphics processing units (GPUs), however it is time-bound. This financial year(FY) is on track and LTSCT is ahead of its plans– that's what the top boss believes, "I think we are going well on track, maybe ahead of our plan. Our focus is on acquiring customers and I think we are making a lot of positive progress in Japan, Europe, U.S. and in India. GPUs are in the pipeline but it's not a six month project. Our GPU program is active, it will take some time to come to market. Things can evolve and change in the next five years," said Sandeep Kumar, CEO of LTSCT. "We will have a strong portfolio for the future needs of India. That should all come together by the end of June. We are also finalizing the licensing of the CPU, GPU, NPU, ISP," he added. Talking about the highest performing sector, the CEO emphasized on the opportunities in the automotive and industrial sectors. The company is working on various programs, and the automotive sector holds high importance. The company will be kicking off an automotive program soon, which will firm up the type of CPU, GPU, NPU, AI processor, the company would require to work on. "The demand is coming from all, but the traction is driven by where we are putting more energy. So far, the first year we were focused on automotive. We will have significant traction in the industrial sector within a few months. Then in the energy sector, we are heavy on the customer interest, but we are still finalizing on the right products. Datacenter, solar, wind, battery, storage, we have a lot of demand, but we haven't finalized our products yet. In about six months, we would be able to decide," he said. Talking about revenue generation, he shared, "We have programs that will start generating revenue this year in the industrial sector. Then there are projects that will start generating revenue in the industrial and energy sector from next financial year. Programs in the automotive sector have a longer lead time, maybe three years from now and then data center projects would yield revenue in four or five years." LTSCT's main focus is to add more customers. Its clientele is 20-30 percent India based and 30 percent Europe. The rest is Japan and the US at 20 percent each. Kumar had been nurturing the idea that India must stop being the back office of the global semiconductor industry and start owning its semiconductor IP. At a time when Indian semiconductor companies were moving into manufacturing and assembly, he took a different route: He ventured into chip design and that's where the power lies. Kumar earlier revealed that the company plans to establish its own chip manufacturing plants once it achieves a revenue threshold between USD 50 million and USD 1 billion across different semiconductor technologies– however, it might be a different case now. "Each of these products is different with differences in customers and technology. The development cycle on these products can be up to two years. So, once we are in production, then we will have the clarity or the visibility on what kind of fab we want. There is some kind of a plan when you start with, but then the reality is different. We are still a year and a half away from taking any decision on fabs," he explained.
Yahoo
06-04-2025
- Business
- Yahoo
Fabless chip startup backed by multi-billion Indian company wants to build a $10bn fab in India before 2027
When you buy through links on our articles, Future and its syndication partners may earn a commission. 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. Founded in 2023 as a wholly owned subsidiary of Larsen & Toubro, LTSCT was created to design a range of semiconductor components, including MEMS sensors, analog and mixed-signal ICs, RF chips, and smart power devices. While the company hasn't yet started shipping chips, its CEO, Sandeep Kumar, expects commercial production to begin in the second half of 2025. eeNews Analog says Kumar told Business Standard, 'A fab plant will require an investment of over US$10 billion. Even with subsidies, it will mean an investment of US$1 billion.' He noted the company's fab plans would be triggered only if it achieves $1 billion in annual revenue by the 2026–2027 fiscal year. The company is banking on India's semiconductor push, which includes a $10 billion incentive program launched in 2021. The Indian government is expected to contribute up to 90% of the cost of the proposed fab - a level of support that Kumar acknowledges is unusually high by global standards. LTSCT isn't expected to seek outside funding beyond that. eeNews Analog noted that LTSCT's long-term strategy would see it transition from a fabless designer to an integrated device manufacturer (IDM). The company has already secured more than $300 million in funding from Larsen & Toubro to support its design efforts, with plans to develop 15 chip products by 2027. TSMC and Broadcom could tear apart Intel's legendary business after 57 years India could be AI powerhouse as data center giant pledges $3.2 billion investment Build-your-own-chip startup wants everyone to design and fab own processor
