L&T plans to invest over $300 million to establish a fabless chip company, focusing on semiconductor design.
L&T aims to design 15 chip products by the end of 2024 and start sales by 2027, expanding India's tech presence.
With tensions between the US and China, manufacturers are diversifying, making India an emerging semiconductor hub.
L&T will develop power chips, RF semiconductors, and mixed-signal ICs to meet growing demand, competing with global players.
L&T plans to double its chip design team by 2024, strengthening India’s semiconductor industry.