Hiranandani Group’s Tarq set to unveil dual semiconductor facilities: ATMP unit and a game-changing fab plant.
In an ambitious stride towards expanding India’s semiconductor frontier, Tarq Semiconductors, under the Hiranandani Group umbrella, has announced intentions to plant its roots in Noida, Uttar Pradesh. The venture includes the establishment of both an ATMP unit and a state-of-the-art compound semiconductor fab plant. With the government’s nod expected by October, this move is primed to thrust India into a pivotal position within the global electronics manufacturing ecosystem.
Tarq’s Noida move isn’t just about a new location. The firm aims to roll out both an assembly, testing, marketing, and packaging (ATMP) facility and a compound semiconductor fab unit. For the uninitiated, compound semiconductors are the backbone of high-power applications – think LED, radio devices, and modern automobiles.
While the firm has pledged a robust initial investment of Rs 2,500 crore in the ATMP unit, the monetary commitment for the fab plant remains shrouded in mystery.
This isn’t Hiranandani Group’s first brush with ambitious projects. Earlier this year, they proposed a semiconductor park, securing 100 acres from YEIDA. And if timelines hold, we can expect the project’s first phase to go live within two years post-approvals.
The project isn’t without its demands. The firm requested a substantial water supply of 200,000 litres per hour during the initial phase. To ensure seamless unit operations, the requirement is expected to escalate to a staggering 750,000 litres per hour, spanning all three phases. A dedicated 50MW power substation to ensure smooth operations.
This venture is timely. As Union Minister Rajeev Chandrasekhar recently pointed out, India is fast becoming a hub for semiconductor production. With the “Semicon India 2023” event as a testament, global companies are recognising India’s potential and its emerging stature in the electronics ecosystem.
In wrapping, the future of semiconductor manufacturing in India seems promising, with firms like Tarq leading the charge.
