iVP Semiconductor eyes revenue of USD 70-100 million in 3-4 yrs

Chennai: Fabless semiconductor startup iVP Semiconductor Pvt Ltd has plans to set up a production test facility as part of its drive to produce semiconductor chips in the domestic market, a top official said. The company has also secured USD 5 million in a pre-series A Funding for its expansion plans, Co-founder and CEO Raja Manickam said.

An industry veteran, Manickam said his aspiration was to first serve the clients in the domestic market and later expand the company to become a ‘global brand.’