Web Hosting & Remote IT Support Indian government is expected to contribute a staggering 90% of the cost The announcement comes as fab demands is heating up on the back AI explosive growth Construction of these fabs is a very long process and always lags demand, sometimes by years L&T Semiconductor Technologies (LTSCT), a fabless chip startup backed by Indian engineering firm Larsen & Toubro, is planning to build a $10 billion wafer fabrication facility in India. A report by eeNews Analog claims the ambitious plan hinges on LTSCT achieving $1 billion in annual revenue by the 2026–2027 fiscal year. Founded in 2023 as a wholly owned subsidiary of Larsen & Toubro, LTSCT was created to design a range of semiconductor components, including MEMS sensors, analog and mixed-signal ICs, RF chips, and smart power devices. While the company hasn’t yet started shipping chips, its CEO, Sandeep Kumar, expects commercial production to begin in the second half of 2025. Incr...