Sahasra Semiconductors becomes the first Indian company to produce memory chips
By MYBRANDBOOK
Sahasra Semiconductors in Rajasthan has surpassed Micron to become the first Indian business to develop memory chips. The semiconductor assembly, testing, and packaging unit in Bhiwadi started production last month, and the first shipment of micro-SD cards has already been delivered. Sahasra intends to reach 30% capacity by year's end and, with government clearance and help, expand further in early 2024. Micron made a $825 million investment in a brand-new Gujarati factory.
Amrit Manwani, Sahasra Group Managing Director, said that the company achieved the distinction of being the first to sell "Made-in-India" micro-SD cards, and the products have received outstanding responses on e-commerce platforms, as cited in a news report.
The name Sahasra has been derived from the Sanskrit word for "thousand" to signify the turn of the millennium, was established by an IIT Kanpur graduate in 2000. The diverse operations of the company highlight its role in supporting various aspects of the electronics and technology manufacturing sector.
Sahasra CEO, Varun Manwani in an interview with a news source said that in the first phase the initial investment for the company is almost Rs 350 crore. Out of the Rs 350 crore investment, the company has already committed Rs 160 crore for plant and machinery. In the second phase, the investment will be around Rs 190 crore and will be spread over a period of two to three years.
In the second phase, the company will initiate advanced packaging of products, including internal memory chips, expanding its semiconductor production capabilities further.
The company has gained approval under two key government initiatives to support semiconductor manufacturing in India. These initiatives include the production-linked incentive (PLI) programme for components and subassemblies of white goods, as well as the scheme for the promotion of manufacturing of electronic components and semiconductors (SPECS).
Under SPECS, Sahasra is eligible to receive 25 percent of the capital expenditure for setting up or expanding its manufacturing facility, providing essential support for its semiconductor production endeavours.
BREAKING NEWS
TECHNO TRENDS
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
E-Magazine
TECHNOTAINMENT
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
Disney+ Hotstar wins the Best OTT Platform of the year
Film Critics Guild and Group M Motion Entertainment, in collaboration with
MOVERS & SHAKERS
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
Nium Appoints Alexandra Johnson appoints as Chief Payments Off
Nium, the leader in real-time cross-border payments, today announced the ap
OPEN YOUR EYES
INTERVIEWS
Check Point takes pride in providing customers with the best c
Check Point has categorized its 80 products and technologies into four main
CommScope celebrates its 25 years of legacy in India by contin
A strong brand must also reflect the company values and speak exactly what
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
SECUREYE SERVICES PVT. LTD.
TATA CONSULTANCY SERVICES
MICROTEK INTERNATIONAL PVT. LTD.
STERLITE TECHNOLOGIES LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Kulmeet Bawa
Kulmeet Bawa resides as President & Managing Director, SAP Indian subc...
Technology Icons Of India 2023: Dilip Asbe
Dilip Asbe is the MD & CEO of National Payments Corporation of India (...
Technology Icons Of India 2023: Ashish Kumar Chauhan
Ashish works as the CEO of the National Stock Exchange (NSE). He is al...
PARTNER SPEAKERS
PSU
NPCI leading India towards Digital payments
The National Payments Corporation of India (NPCI) is an initiative tak...
INDIANOIL helps reach precious petroleum fuels to every nook and corner of the country
IndianOil, a diversified, integrated energy major with presence in alm...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
VIDEOS
Top 25 Brands
Value-Added Distribution
INFLOW TECHNOLOGIES PVT. LTD.
Inflow Technologies is a niche player in the IT Infrastructure Distrib...
IRIS GLOBAL SERVICES PVT. LTD.
Iris Global services is one of the leading distribution houses that d...
INTEGRA MICRO SYSTEMS PVT. LTD.
Integra is a leading provider of innovative hi-technology products an...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
