Cricket Semiconductor plans Rs. 6,000-cr fab plant.

US-based Cricket Semiconductor has signed a memorandum of understanding with the Madhya Pradesh Government to set up an analog fab in the State. The company will invest Rs. 6,000 crore to set up analog water fab in India.

'The creation of this fab ecosystem coupled with the products and systems value chain is expected to create 4.5 lakh jobs, making a potential future economic impact of $40 billion, over its project life span and reduce electronics import burden for the nation,' the India Electronics and Semiconductor Association (IESA) said in a statement.

The trade body added that as semiconductors are the key component of electronic products, the presence of a wafer fab will help in faster growth of the electronic system design and manufacturing industry in the State.

Ashok Chandak, Chairman, IESA, said, 'The specialty fab will enable the electronics industry to better utilise the Indian skill sets, give fillip to start-ups and enable innovations of electronic products designed in India at lower cost of technology development, lower investment cost and lesser risk. With Cricket Semiconductor team's deep experience in design, technology, and manufacturing of analog / power semiconductors, we hope to see the analog and power semiconductors being made in India soon.'



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