ASIP Technologies Gets Approval for Semiconductor Unit in Andhra Pradesh
Union Cabinet approves semiconductor manufacturing project in AP as part of ₹4,600 crore investment across four states.
📊 Andhra Pradesh Project Details
| Company | Advanced System in Package Technologies (ASIP) |
| Technology Partner | APACT Co. Ltd, South Korea |
| Annual Capacity | 96 Million units |
| Applications | Mobile phones, Set-top boxes, Automobile electronics, Consumer electronics |
🇮🇳 National Context
- Total Projects Approved: 4 new units (AP, Odisha, Punjab)
- Combined Investment: ₹4,600 crore
- Total Jobs: 2,034 skilled professionals
- ISM Projects to Date: 10 projects worth ₹1.60 lakh crore across 6 states
💼 Economic Impact
- Part of India Semiconductor Mission (ISM) initiative
- Contributes to Atmanirbhar Bharat in semiconductor manufacturing
- Creates direct skilled employment and indirect job opportunities
- Strengthens electronics manufacturing ecosystem
🎯 Market Applications
ASIP’s semiconductor units will serve growing demand in:
- Telecommunications equipment
- Automotive electronics
- Consumer electronics
- Industrial electronics
Government Support: 278 academic institutions and 72 startups supported under design infrastructure program, with 60,000+ students benefiting from talent development initiatives.
Approved by Union Cabinet chaired by PM Narendra Modi under India Semiconductor Mission