Paras Defence Enters Chip Sector with ₹6,200 Crore MP Project

Paras Defence and Space Technologies has announced that its subsidiary, Paras Semiconductors, will invest ₹6,200 crore to establish an outsourced semiconductor assembly and test (OSAT) facility in Madhya Pradesh. The project will be developed in the Indore-Ujjain region under a memorandum of understanding (MoU) signed with the state's Department of Science and Technology.

The OSAT facility will undertake semiconductor packaging, assembly and testing, converting silicon wafers produced by foundries into finished chips for use in electronic devices. The investment marks Paras Defence's entry into India's semiconductor manufacturing sector and supports the country's efforts to strengthen its domestic chip packaging and testing capabilities.

News by Rahul Yelligetti.