L&T Semicon expects its chip production to start in 2 yrs; to set up unit later

Fabless chip company L&T Semiconductor Technologies expects manufacturing of semiconductor products designed by it to start in the next two years, a top company official said. While speaking to PTI, L&T Semiconductor Technologies CEO Sandeep Kumar said the company will set up its chip manufacturing plants after achieving a threshold revenue in the range of USD 50 million to USD 1 billion for different semiconductor technologies.

The company is building teams to handle around 15 different products in parallel, and it is already halfway on that journey, he added.