PM lays foundation for ASIP's semiconductor facility in Visakhapatnam
Prime Minister Narendra Modi on Saturday virtually laid the foundation of ASIP Technologies' semiconductor manufacturing facility at Tarluvada in Visakhapatnam.
The Outsourced Semiconductor Assembly and Test (OSAT) project is South India’s first semiconductor manufacturing facility approved under the India Semiconductor Mission (ISM 1.0).
Spread over 30 acres, the project will take an investment of Rs 2,500 crore. It will be developed in partnership with South Korea-based APACT Co.
Also Read: Indian Semiconductor Mission 2.0: Government approves Rs 1.27 lakh crore