Instead of buying ready-made NAND memory chips from American and Japanese brands, Sahasra Semiconducors of India has decided to organize a process of assembly, testing and packaging of semiconductors on its own, the company's own finished products will start selling by December.
According to DigiTimes, the chairman and manager of Sahasra Semiconducors Amrit Manwani promised to spend about $94 million on the construction of the plant, which will be built in Rajasthan, India. Half of the money will be invested in the fiscal year 2023, which began in April 2022 and ended in March 2023, another half in 2024. As revenues increase, new investment in the plant is expected. By fiscal year 2026, the company intends to take up 5 to 7% of the local semiconductor market.
According to Manwani, the first batch of equipment for the new factory will leave Singapore in the coming days and will reach the factory by mid-August, the next batch will arrive in August and September, and the test production will begin in November and commercial production by December.
==History==Sahasra Semiconductor originally acted as an agent in India selling memory modules for Western companies, and now sells similar products, including USBs, SD cards and SSD under its own brands. Sahasra Semiconductors was founded in 2020 and manufactures electronic components for various purposes, participating in numerous government electronics production programmes.
It was previously reported that, in addition to Sahasra Semiconducors, they were considering the possibility of producing memory modules in the Indian states and in Mikron, but the company did not confirm the rumors.