Surat-based semiconductor manufacturing company Suchi Semicon inaugurated its outsourced semiconductor assembly and testing (OSAT) plant in Surat, and expects to generate over USD 100 million in revenue during the first three years of operations. 

The facility with USD 100-million outlay was inaugurated on 15 December, 2024. The focus is on advanced semiconductor assembly and testing and the plant's semiconductor production is set to begin for this client. 

The company is launching the facility with a pilot line capable of producing 3,00,000 chips daily, which can be used in verticals such as lighting and consumer electronics. 

“Moving forward, we will add more lines and equipment to increase production capacity. Our strategy is to grow the customer base. Once that happens, we aim to scale up the unit’s production within one to three months since the infrastructure is already in place.” Co-founder of Suchi Semicon, Shetal Mehta said.

The company has been approved under Gujarat’s semiconductor policy and submitted its proposal under the India Semiconductor Mission (ISM). 

“We are confident we can secure approval from the IT ministry under the ISM. It’s an ongoing process, with multiple interviews involved. We hope to complete this within the current fiscal year. While most companies are waiting for government funds to start operations, we decided to invest our funds to ensure we meet the timeline,” he further said.