RRP Electronics has announced an investment of Rs 50 billion to set up a semiconductor facility in Maharashtra.
According to the company, the investment will be done over the next five years. It is an outsourced semiconductor assembly and test (OSAT) facility and plans are afoot to establish a comprehensive research and development centre and have an expanded setup encompassing multi-line OSAT and a fab foundry.
In addition, the government subsidies will also be used to augment the venture, which will serve sectors such as automotive, power, electronics, and industrial markets.
