iVP Semiconductor: India’s first fabless chip company aims for $ 70 million revenue

iVP Semiconductor Pvt Ltd is likely to go down in history as India’s first fabless chip company—a company that designs semiconductor chips as products and owns the intellectual property, though the manufacture, assembly, testing, and packaging of the chips will be outsourced.

The company was set up by P Raja Manickam, a semiconductor veteran, who worked for the US giant Texas Instruments earlier and then set up and ran the ₹1,000-crore Tessolve Ltd before selling it to the Hero group.