L&T Semicon expects 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.