# ASIP Technologies inaugurates semiconductor facility in Visakhapatnam

Prime Minister Narendra Modi inaugurated ASIP Technologies' semiconductor manufacturing facility in Visakhapatnam. The OSAT facility has an initial investment of over ₹460 crore and an expected annual production capacity of 96 million semiconductor chips. The company also announced plans for an additional investment of more than ₹20 billion for expansion.

- Type: New facility
- Announced: 2026-08-03
- Where: Tarluvada, Visakhapatnam, India
- Value: $55.0M (4.60B INR)
- Jobs: 1,000
- Starts operating: 3 Aug 2026
- Status: completed
- Capacity: 96 million semiconductor chips per year
- Products: semiconductor chips, advanced semiconductor packaging
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ASIP Technologies](https://endata.com/companies/93305.md)
- [APACT Co.](https://endata.com/companies/93306.md) (partner)

## Sources

- [electronicsforyou.biz](https://www.electronicsforyou.biz/industry-buzz/pm-inaugurates-asip-technologies-semiconductor-facility-in-visakhapatnam/), 2026-08-03: "Prime Minister Narendra Modi recently inaugurated and unveiled the plaque for ASIP Technologies' semiconductor manufacturing facility at Tarluvada in Visakhapatnam."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.