Suchi Semicon has announced a major investment of over USD 100 million to launch Gujarat’s first Semiconductor Assembly and Testing (OSAT) plant by November 2024.
Gujarat’s first OSAT facility
Located in Surat, the new plant will span 30,000 square feet and is designed to produce up to 3 million chips per day. This investment aims to bolster India’s semiconductor production capabilities and address global demand by localizing semiconductor assembly and testing.
The facility will feature advanced class 10k and 100k cleanroom environments, which will help reduce supply chain lead times and lower logistical costs for companies with design operations in India. The plant is expected to create up to 1,200 jobs, supporting local economic growth.
Suchi Semicon has also signed memorandums of understanding (MOUs) with SVNIT and Gujarat Technological University to support skill development and cultivate a skilled workforce.
The plant will cater to industries such as consumer electronics, automobiles, telecommunications, and wearables, enhancing India’s position in the global semiconductor market.
Speaking about the investment, Ashok Mehta, Founder of Suchi Semicon, said,
India’s semiconductor industry is at a crucial juncture of growth and transformation. At Suchi Semicon, we are proud to invest approximately $100 million in a new plant in Surat. Our objective is to meet the rising global demand for semiconductors while minimizing supply chain inefficiencies.
By generating up to 1,200 local jobs and utilizing cutting-edge technology, we aim to provide competitive pricing and high-quality services worldwide. Our partnerships with respected institutions like SVNIT and Gujarat Technological University will help develop a skilled workforce, making our operations a key contributor to the nation’s economic advancement.
Speaking about the new semiconductor plant, Shetal Mehta, Co-Founder of Suchi Semicon, said,
Our new plant represents a significant milestone for Suchi Semicon and the semiconductor industry in India. This investment allows us to expand production while also fostering local job creation and skill development. This initiative will establish a new benchmark for semiconductor manufacturing in the region and strengthen India’s role as a major player in the global tech landscape.