Punjab based Deepak Loomba’s firm De Core Nanosemiconductor is setting up India’s first semiconductor chips plant for light emitting diode (LED) lamps, at Gandhinagar in Gujarat. The foundation stone of the four-acre Gandhinagar unit was laid on Wednesday in GIDC Electronic SEZ. The unit will be further expanded to 6 acres in future.
The company will start producing LED lamps at its Rs 200 crore Noida plant by the middle of this year. For these lamps, the chips will be produced in Gandhinagar plant which would witness Rs 900 crore investment in next five years through venture capital, banks and possibly capital market in later stage.
The company will have capacity of producing 400 million chips annually at Gandhinagar plant and 70 lakh LED lamps annually at Noida. The company expects to make chips for high power electronics in future. The company will also make chips for fifth generation 40 mbps speed cellular telephones and blue ray disc components.