Surat-based semiconductor manufacturing company Suchi Semicon has said it will invest over $100 million to set up Gujarat’s first Semiconductor Assembly and Testing (OSAT) plant by November 2024.

The plant, which will span an initial area of 30,000 square feet, will have the capacity to produce up to 3 million chips per day. It is expected to generate up to 1,200 jobs, thereby, supporting local economic growth.

The facility will serve key consumer electronics, automobiles, telecommunications, and wearables sectors.

Suchi Semicon’s plant aims to boost India’s semiconductor production and address global demand by localising semiconductor assembly and testing. This approach will reduce supply chain lead times and logistical costs, benefiting companies with design operations in India.

Suchi Semicon said it seeks to offer competitive pricing and high-quality services in the global semiconductor market. Additionally, the company has signed MOUs with engineering colleges like SVNIT (Sardar Vallabhbhai National Institute of Technology) and Gujarat Technological University (GTU) to support skill development and create a highly skilled workforce.