Sahasra Group invests Rs 350 cr to pioneer semiconductor packaging in India

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Sahasra Group invests Rs 350 cr to pioneer semiconductor packaging in India

Sahasra Group invests Rs 350 cr to pioneer semiconductor packaging in India

Industry News
Dec 15,23

Sahasra group's Semiconductor division has achieved the milestone of being the first private Indian company to commence packaging and testing operations for NAND flash memory.

Sahasra Group invests Rs 350 cr to pioneer semiconductor packaging in India

Sahasra, the Indian electronics group, has announced plans to invest Rs 350 crore over the next three years to bolster its commitment to the Make in India initiative. The company aims to establish a semiconductor packaging facility, positioning itself as a pioneer in this domain among Indian enterprises during the current fiscal year.

Amrit Manwani, Chairman of the Sahasra group, shared, "We will be channeling over Rs 350 crores into semiconductor packaging over a three-year span, marking our distinction as one of the inaugural Indian companies engaged in semiconductor packaging this fiscal year," in an interaction with media.

Semiconductor packaging plays a crucial role in the manufacturing and design of semiconductors. It involves protecting wafers through packaging materials such as plastic, metal, glass, or ceramic, shielding them from chemical contamination, light, and heat impact.

Sahasra group's Semiconductor division has achieved the milestone of being the first private Indian company to commence packaging and testing operations for NAND flash memory—a non-volatile storage technology that retains data without requiring power.

Manwani explained, "In the allocation of the Rs 350 crores, we are establishing a new unit in Bhiwadi, where our semiconductor plant is located, focusing on semiconductor packaging. We are pioneering semiconductor packaging from memory plants and secured the first position to benefit from the PLI (production linked incentive) scheme in 2020."

The company disclosed its ongoing partnership with a Taiwanese company for memory drives, having previously manufactured pen drives and microSD cards for entities like Sony and HP. Following the discontinuation of business with Sony in 2021, Sahasra decided to market similar products under its brand name, integrating them with microcontrollers.

To support these initiatives, the firm plans to invest in electronic assembly machines, with the plant requiring an excess of Rs 150 crores and the building interior itself necessitating around Rs 50 crores, according to Manwani.

The company's foray into semiconductor packaging aligns with the Atmanirbhar Bharat (self-reliant India) vision of the government, a strategic move in response to the global disruptions caused by the Covid-19 pandemic.

Source: Indiatimes