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Osat Facility: “ASIP plays a key role in semiconductor manufacturing as we help in assembling and testing of semiconductor chips that are fabricated at leading foundries around the world," Venkata Simhadri, CEO of ASIP said in a statement. "Our upcoming hi-tech facility in Hyderabad aligns with our vision to give an impetus to the development of the Electronics System Design and Manufacturing (ESDM) value chain and provide OSAT/ ATMP support locally."

ASIP and APACT have partnered to establish a hi-tech semiconductor assembling and testing facility in Hyderabad, aiming to contribute to India's semiconductor manufacturing growth. They have also signed an MoU with IIT Hyderabad for R&D collaboration in the OSAT industry.

OSAT (Outsourced Semiconductor Assembly and Testing) and ATMP (Assembly Testing Marking and Packing), Hyderabad facility will serve India’s growing domestic needs, and provide an alternate supply chain to the global ecosystem.

Tessolve: The Bengaluru-headquartered firm says that 80% of the top 20 semiconductor companies, including Qualcomm, Texas Instruments, and Intel, are its customers.

Micron: The government agreed production-linked incentives worth 110 billion rupees ($1.34 billion) for the plant, which is set to be built in Gujarat, the Indian official added. He declined to be identified ahead of a planned announcement during Modi's visit.