RRP Electronics has collaborated with a consortium of European companies to set up a one-of-its-kind semiconductor facility in Maharashtra.
The company aims to invest Rs 50 billion over the next five years and has planned to lay the foundation stone in its new premises that spans 25,000 square feet.
In the second phase, the company will invest another Rs 50 billion.
The company aims to fast-track work on the project and commence the outsourced semiconductor assembly and testing (OSAT) with adequate support of technology partners.
The facility will also have research and development (R&D) centre to incorporate the latest developments in the field.
The company has planned seek support from the Maharashtra government to set up the unit comprising multi lines of OSAT fab foundry and manufacturing.
The new facility will tap opportunities in sectors such as automobiles, power, electronics, and various other industries.
