Hiranandani Group, famous for its real estate ventures, is making a big move into the semiconductor industry through its company, Tarq Semiconductors.
Darshan Hiranandani, the CEO, is optimistic that the government will approve their compound semiconductor fabrication (fab) project within the next two months. The company has already submitted applications to the government to set up two major facilities: an assembly, testing, marking, and packaging (ATMP) unit, and a compound semiconductor fab plant, both of which will be located in Uttar Pradesh. Compound semiconductors are crucial for a wide range of high-tech applications, including products like LEDs, radio frequency devices, electronics, and even automobiles.
The ATMP unit, which comes after the fabrication process, focuses on assembling and packaging the chips. Darshan Hiranandani, wealthy experience in the industry, shared, "We’ve already completed our applications for both the ATMP unit and the semiconductor fab project. We expect to receive all the required approvals from the government in the next 30 to 60 days."
To bring the project to life, Hiranandani Group plans to collaborate with other companies in a joint venture. “Our mission is to address India’s challenges by combining the best global talent and expertise. This will be a partnership of Indian knowledge and world-class international partners with experience in building and operating similar facilities,” said Hiranandani. The group has partnered with companies from the United States and Japan to ensure the entire process, from building the compound semiconductor fab to setting up the ATMP unit, is carried out smoothly.
One of the reasons Hiranandani is excited about entering the semiconductor business is because India offers lower energy costs compared to other countries, making it an attractive location for running semiconductor fabrication units. Experts believe that with the right infrastructure, the compound semiconductor sector can help produce more energy-efficient products, which will also help reduce energy costs.
Darshan Hiranandani explained, “Compound semiconductors are the key to creating energy-efficient products. In India, we’re already assembling products like cars, washing machines, dryers, TVs, and mobile phones. I believe this is the right place to start, as we can help save energy and make the country more energy efficient."
For the ATMP facility, the company is planning an initial investment of around Rs 2,500 crore. This facility will be set up in the Yamuna Expressway Industrial Development Authority in Uttar Pradesh, a region poised for growth.
Apart from its real estate dominance, Hiranandani Group is also making strides in the tech sector. Through their company Yotta, they provide full-stack data center services. “By the end of this year, we expect to become the largest data center player in India. We’ve made significant progress and continue to take on more complex and technical projects,” Darshan Hiranandani said.
He also revealed plans to launch an indigenously developed public cloud platform by October, marking another milestone for the company.
Comments