Introduction:
Hiranandani Group, the renowned real estate giant, is making significant strides into the semiconductor industry through its subsidiary, Tarq Semiconductors. With ambitious plans to establish both an assembly, testing, marking, and packaging (ATMP) unit and a compound semiconductor fab plant in Uttar Pradesh, the company is poised to contribute to India’s technological advancement. The compound semiconductor technology is crucial for high-power and high-temperature applications, revolutionizing products such as LED lighting, radio frequency devices, electronic gadgets, and automobiles. Moreover, this strategic move by Hiranandani is set to address the country’s energy efficiency challenges while attracting global partnerships and talent.
Approval on the Horizon:
In an exclusive interaction with FE, Darshan Hiranandani, the Chief Executive Officer of the group, expressed confidence in obtaining government approval for their compound semiconductor fab project within the next two months. The company has already completed the application process for both the ATMP unit and the compound semiconductor fab plant, signaling its commitment to venture into this high-potential domain.
The Joint Venture Approach:
To bolster its semiconductor foray, Hiranandani Group intends to form a joint venture partnership with global firms from the United States and Japan. This approach will combine Indian expertise with world-class partners who possess extensive experience in the semiconductor industry, including the establishment and operation of other fabs across the globe. Such collaboration is set to accelerate innovation and promote India as a hub for cutting-edge semiconductor technologies.
Advantages of India’s Semiconductor Ecosystem:
The Hiranandani Group and other companies are increasingly attracted to the semiconductor business in India due to its lower energy costs compared to other nations. The cost-effectiveness of running the fabrication unit in India is poised to empower the creation of energy-efficient devices and substantially reduce energy expenses. The establishment of a robust compound semiconductor ecosystem is projected to play a pivotal role in transforming various industries by infusing energy-saving capabilities into a wide range of products.
Focus on Energy Efficiency:
Elaborating on the rationale behind venturing into the compound semiconductor space, Darshan Hiranandani highlighted the immense potential for energy savings and efficiency in India. Assembled products such as cars, washing machines, dryers, TVs, and mobile phones are increasingly manufactured within the country. Consequently, the compound semiconductor domain emerges as the ideal starting point for Hiranandani Group’s technological endeavors, aimed at furthering energy conservation and sustainability.
ATMP Facility Investment:
The Hiranandani Group is expected to invest approximately Rs 2,500 crore initially to set up its state-of-the-art ATMP facility in the Yamuna Expressway Industrial Development Authority, Uttar Pradesh. This substantial investment underscores the company’s commitment to driving India’s semiconductor capabilities forward and reinforcing its position in the global semiconductor market.
Conclusion:
Hiranandani Group’s bold entry into the semiconductor space with its Tarq Semiconductors subsidiary is a significant milestone for India’s technology landscape. The pending government approvals for the compound semiconductor fab project indicate the company’s dedication to fostering technological growth in the nation. As India stands on the cusp of becoming a semiconductor manufacturing powerhouse, Hiranandani Group’s joint venture partnerships and focus on energy efficiency promise exciting advancements in various industries, setting the stage for a brighter and more sustainable future.
