Wednesday, 1 November, 2023
L&T to Invest ₹830 Crore to Establish Fabless Semiconductor Chip Design Unit
![L&T to Invest ₹830 Crore to Establish Fabless Semiconductor Chip Design Unit](https://d3vnc3w6v6jm99.cloudfront.net/ai-software-developer-moreh-secures--22m-in-series-b-funding-with-support-from-amd-and-korean-telco-kt.webp)
Larsen & Toubro (L&T), one of India's leading conglomerates, is set to make an investment of ₹830 crore to establish a fabless semiconductor chip design unit. This strategic move underscores L&T's commitment to advancing technology and innovation within the semiconductor industry. The investment is expected to foster chip design capabilities, furthering India's position in the global semiconductor ecosystem and reinforcing L&T's presence in the technology sector.
Read full story at Economic Times