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Nextgen Semiconductor to Invest ₹8,800 Cr in India’s Largest Silicon & SiC Chip Ecosystem
2025-09-13
Nextgen Semiconductor, a leading player in India’s chip manufacturing landscape, has announced plans to raise ₹1,000–1,500 crore in the next 12 months through a mix of equity financing, structured debt instruments, and other capital solutions. This forms part of its ambitious roadmap to invest over ₹8,800 crore in phases to build a fully integrated Silicon (Si) and Silicon Carbide (SiC) semiconductor manufacturing ecosystem at Dholera, Gujarat.
The state-of-the-art facility aims to establish India’s largest wafer-to-power electronics platform, enhancing the country’s semiconductor supply chain, chip fabrication, and electronics components capabilities. With applications in electric vehicles (EVs), renewable energy systems, data centres, and industrial electronics, this initiative aligns with India’s push for self-reliance in semiconductor technology, supported by the India Semiconductor Mission (ISM).
Nextgen’s project is backed by global and Indian investors, including IVP from Malaysia, Transworld, Myotic, and individual investors like Malvika Agarwal, Harsh Agarwal, and Ayush Goel. The company has already secured land at Dholera and plans to commence project work by April 2026, aiming to commission the facility within 15 months.
“By combining world-class manufacturing capacity with phased investments, Nextgen is set to transform India’s semiconductor sector and strengthen its position in global markets,” said Raja Manickam, Director at Nextgen Semiconductor.
The collaboration with Hitachi Energy will bring advanced global process expertise, technology transfer, and access to international markets, helping India move from being a consumer to a global supplier of Si and SiC semiconductor devices. This initiative represents a critical step toward boosting India’s electronics manufacturing, improving chip production capabilities, and supporting the nation’s ambitions in EV infrastructure, clean energy solutions, and digital transformation.
The state-of-the-art facility aims to establish India’s largest wafer-to-power electronics platform, enhancing the country’s semiconductor supply chain, chip fabrication, and electronics components capabilities. With applications in electric vehicles (EVs), renewable energy systems, data centres, and industrial electronics, this initiative aligns with India’s push for self-reliance in semiconductor technology, supported by the India Semiconductor Mission (ISM).
Nextgen’s project is backed by global and Indian investors, including IVP from Malaysia, Transworld, Myotic, and individual investors like Malvika Agarwal, Harsh Agarwal, and Ayush Goel. The company has already secured land at Dholera and plans to commence project work by April 2026, aiming to commission the facility within 15 months.
“By combining world-class manufacturing capacity with phased investments, Nextgen is set to transform India’s semiconductor sector and strengthen its position in global markets,” said Raja Manickam, Director at Nextgen Semiconductor.
The collaboration with Hitachi Energy will bring advanced global process expertise, technology transfer, and access to international markets, helping India move from being a consumer to a global supplier of Si and SiC semiconductor devices. This initiative represents a critical step toward boosting India’s electronics manufacturing, improving chip production capabilities, and supporting the nation’s ambitions in EV infrastructure, clean energy solutions, and digital transformation.
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