Published On:March 18 2024
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RRP Electronics Breaks Ground on Maharashtra's First Semiconductor Plant
RRP Electronics Teams Up with European Consortium to Establish Revolutionary Semiconductor Plant in Maharashtra
In a groundbreaking venture, RRP Electronics has joined forces with a consortium of European companies to initiate the establishment of an unparalleled semiconductor facility in Maharashtra.
With an ambitious investment plan of ₹5,000 crore earmarked for the next five years, the company is poised to commence construction by laying the foundation stone at its expansive 25,000 sq ft premises on March 23.
Anticipating a dynamic expansion, RRP Electronics is committed to injecting an additional ₹5,000 crore in the project's second phase.
The company has pledged to expedite project implementation, leveraging the collaborative expertise of its technology partners to kickstart Outsourced Semiconductor Assembly and Testing (OSAT) operations.
A cornerstone feature of the facility will be its state-of-the-art Research and Development center, dedicated to integrating cutting-edge advancements in the semiconductor domain.
HBL