India has talent, deep expertise and scalability to be global player in semiconductors, says Krishnan
Building on his pioneering work in semiconductor engineering space, Raja Manickam has launched iVP Semi, a fabless semiconductor startup is setting up chip design centres in Chennai and Bangalore as well as has secured licensing product IP from Taiwan http://tsmc.com , Japan and the US.
It is setting up chip design centres in #Chennai and #Bangalore which will focus on empowering Indian system companies through localized chip production for local and global markets https://www.nseindia.com/ .
iVP Semi said it expects revenue of US$70 million – US$100 million in the next 3 to 4 years https://www.bseindia.com/ .
iVP Semi aims to drive innovation and development locally with strong system design competence to help chip manufacturers and suppliers, enabling Indian companies to compete both in India and globally https://www.makeinindia.com/home/ .
The company has secured US$5 million in pre-Series A funding to build India presence, scale operations, set up testing facilities and activate marketing initiatives.
iVP Semi Founder and CEO Raja Manickam said on 6 Jul, “As a startup, iVP Semi recognizes the challenges faced by Indian semiconductor startups that aimed for the global market from the outset.
“Many struggled to survive due to the time and financial resources required to compete with established giants. Hence, our mission is to localize semiconductor chip production, empowering Indian companies to improve product development cycles and achieve greater technological autonomy.
“This approach not only ensures tighter control over the chip supply chain but also fosters an environment where semiconductor ecosystem partners are encouraged to establish a local presence.
“We envision a ripple effect where technology solutions developed by Indian companies will address global challenges, benefiting everyone.”
iVP Semi is working with the State Government of Tamil Nadu to set up a production test facility of 20,000 sq ft in Chennai. The second test facility will come up shortly in one other location in South India. The Chennai facility will be fully operational by October 2024, and will be equipped with in-house capabilities from design to testing, ensuring high quality products along with exceptional post-delivery support.
Through its operations in India, iVP Semi will predominantly service the local Renewables https://www.renewableenergyworld.com/ , EV https://evindia.online/ and Automotive industries https://www.autocarindia.com/ .
On this occasion, S. Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY) http://meity.gov.in , said, “The semiconductor industry is vital for the country and India has the talent, deep expertise and scalability to be a global player.
“The Government is helping industries to create the ecosystem to build semiconductors. iVP Semi plays an important role in creating demand to fill up the manufacturing capacity in wafer fab and OSAT http://orbsat.com . I would like to congratulate iVP Semi on the creation of an Indian fabless chip company.”
Earlier this year, McKinsey predicted that the global semiconductor industry is poised for a decade of growth and is projected to become a trillion-dollar industry by 2030 while India Electronics and Semiconductor Association (IESA) estimates the India to grow to a US$100 billion market by 2030.
India is rapidly becoming one of the biggest markets for electronics, automotive, specifically EVs and a significant hub for technical expertise, highlighting the necessity to enhance the Indian ecosystem https://www.ibef.org/ .
However, challenges such as complexity in manufacturing, dominant global players holding a significant market share, lack of production grade technology, high capital costs and so on still persist, hindering India’s journey towards self-sufficiency, it said.
Raja Manickam, Founder of Tessolve http://tessolve.com , brings over 40 years of expertise in semiconductor engineering and building startups. Under his leadership, Tessolve recently announced becoming a Rs.1,000 crore company.
With a unique blend of experience with industry giants like Texas Instruments http://ti.com , National Semiconductor http://nationalsemiconductor.com and Tata Electronics OSAT http://tata.com to startups like STATS, UTAC http://utacgroup.com and Ponni Tech Consulting https://ponnitech.com/ , Raja has hands on experience in running P&L, manufacturing, sales and marketing and pioneered methodologies to increase efficiency and reduce time to market.
With additional offices in #Singapore, #Taiwan, and the US, iVP Semi is poised to make a significant impact on the global semiconductor industry. Fiinews.com
