Surat-based semiconductor manufacturing company Suchi Semicon has said it will invest over $100 million to set up Gujarat’s first Semiconductor Assembly and Testing (OSAT) plant by November 2024.
The plant, which will span an initial area of 30,000 square feet, will have the capacity to produce up to 3 million chips per day. It is expected to generate up to 1,200 jobs, thereby, supporting local economic growth.
The facility will serve key consumer electronics, automobiles, telecommunications, and wearables sectors.
Suchi Semicon’s plant aims to boost India’s semiconductor production and address global demand by localising semiconductor assembly and testing. This approach will reduce supply chain lead times and logistical costs, benefiting companies with design operations in India.
Suchi Semicon said it seeks to offer competitive pricing and high-quality services in the global semiconductor market. Additionally, the company has signed MOUs with engineering colleges like SVNIT (Sardar Vallabhbhai National Institute of Technology) and Gujarat Technological University (GTU) to support skill development and create a highly skilled workforce.
Ashok Mehta, Founder of Suchi Semicon, said, “India’s semiconductor industry stands at a pivotal moment of growth and transformation. Our goal is to address the growing global demand for semiconductors while reducing supply chain inefficiencies. By creating up to 1,200 local jobs and leveraging cutting-edge technology, we aim to offer competitive pricing and high-quality services on the global stage."
Shetal Mehta, Co-Founder of Suchi Semicon, said, “With this investment, we’re not just scaling up production but also empowering the local community through job creation and skill development. This venture will set a new standard for regional semiconductor manufacturing and enhance India’s position as a key player in the global tech arena.”
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