January 17, 2025 /SemiMedia/ — Startup Indichip Semiconductors Ltd. has announced plans to invest ₹140 billion ($1.6 billion) in Andhra Pradesh, India, to establish a silicon carbide (SiC) power chip wafer fab.

Founded in 2020, Indichip's investment is supported by its joint venture partner, Japan-based Yitoa Technology Inc. The two companies have signed a strategic technology transfer agreement, enabling Indichip to utilize Yitoa's technology for the project. Yitoa is a wholly owned subsidiary of Shenzhen-listed Intron Intelligent Control Co., Ltd.

The wafer fab aligns with the Indian government's "Make in India" initiative. The Andhra Pradesh government has pledged to provide land at the Orvakal Industrial Estate in Kurnool, along with necessary infrastructure and ecosystem support for the project.

The facility's initial monthly capacity is expected to be 10,000 wafers, with plans to gradually expand to 50,000 wafers per month within two to three years.