Reported 29 days ago
Larsen & Toubro Ltd. has announced plans to invest over $300 million in establishing a fabless semiconductor company in India, joining the country's efforts to enhance its local semiconductor industry. The investment aims to develop 15 products by the end of 2024 and to start sales by 2027. This initiative comes as India seeks to reduce its reliance on imports and boost its semiconductor capabilities amid global supply chain shifts and the ongoing US-China trade tensions.
Source: YAHOO