Larsen & Toubro (L&T) is venturing into the field of fabless semiconductor chip design by establishing a wholly-owned subsidiary with an investment of up to Rs 830 crore. The company's board has given approval for this expansion into the semiconductor chip design business.
L&T aims to focus on the design aspect of fabless semiconductor chips, as it can lead to patentable innovations and offer significant value. The company has chosen not to enter the competitive manufacturing space, particularly against global manufacturers, especially those in China.
L&T's Chief Financial Officer, R. Shankar Raman, emphasized the company's strategy to concentrate on the "low investment" segment of the supply chain and prioritize design in the semiconductor chip sector.
This move into semiconductor chip design highlights L&T's commitment to exploring new technological domains and leveraging its capabilities in innovative areas.
(With Agency Inputs)
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