Yitoa Micro Technology

Indichip Semiconductors Ltd. partnered with Japan's Yitoa Micro Technology (YMTL) to invest ₹140 billion (approximately $1.6 billion) in building a silicon carbide wafer factory in Andhra Pradesh, India. Initial capacity is projected at 10,000 wafers per month, expanding to 50,000 wafers per month within 2-3 years.

Indichip Semiconductors and its venture partner Yitoa Micro Technology signed an MoU with the Andhra Pradesh government to build a silicon carbide semiconductor manufacturing facility at Orvakal mega industrial hub in Kurnool. The investment is INR 14,000 crore, with initial capacity of 10,000 wafers per month, scaling to 50,000 wafers per month over two to three years.