L&T chalks out $300 million investment plan for fabless chip project

L&T Semiconductor Technologies, a subsidiary of engineering and construction major L&T, will invest about $300 million (Rs 2,500 crore) over the next three years in setting up fabless semiconductor project.

This means that the company will get into designing the chips and make it production ready, which can then be outsourced to the semiconductor fabs.

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