The MoU was signed in Hyderabad, with plans to manufacture silicon carbide (SiC) chips, advancing India’s technological capabilities and sustainability goals. Minister for Industries T.G. Bharath highlighted that the project aligns with Andhra Pradesh's semiconductor policy, unveiled in November 2024, which aims to transform the state into a hub for electronics and semiconductor manufacturing.The SiC fab facility will initially produce 10,000 wafers per month, scaling up to 50,000 wafers monthly within two to three years. This investment is strategically aligned with the Aatmanirbhar Bharat vision, addressing the global demand for energy-efficient technologies, electric vehicles, and renewable energy solutions.Key officials present during the signing included Indichip Managing Director Piyush Bichhoriya, APEDB CEO Saikanth Varma, IT Minister Nara Lokesh, and representatives from Yitoa Micro Technology Corporation (YMTC), including Chairman David York Yuan Chang and CEO Motosugi Keisuke.“This investment showcases Andhra Pradesh's ability to attract cutting-edge industries through innovative policies and robust infrastructure. It also reinforces India’s presence in the global semiconductor industry,” said IT Minister Nara Lokesh.Industries Minister T.G. Bharath added that the SiC fab would create thousands of jobs, drive innovation, and support the growth of ancillary industries in the region. The state government has pledged land at the Orvakal Mega Industrial Hub in Kurnool and will provide necessary infrastructure and ecosystem support.Indichip Semiconductors’ Managing Director, Piyush Bichhoriya, emphasised the company’s commitment to nation-building through technological innovation, stating, “This collaboration not only strengthens India’s manufacturing ecosystem but also addresses global needs for energy-efficient solutions.”With this initiative, Andhra Pradesh is set to emerge as a leading destination for semiconductor and electronics manufacturing, furthering India’s technological progress and sustainability efforts.(The Hindu)