Nextgen's Next Move: A ₹1,500 Crore Push for India’s Chip Future

Nextgen Semiconductors has announced plans to raise ₹1,000–1,500 crore over the next 12 months through equity and other financial instruments to support the development of its upcoming semiconductor manufacturing facility in Gujarat.

The company has committed over ₹8,800 crore in phased investments to establish a fully integrated silicon power semiconductor platform at the Dholera Special Investment Region (SIR). This strategic initiative is a key milestone in strengthening India’s semiconductor ecosystem and aligns with the Central Government’s vision of reducing import dependency in the electronics sector.

The Dholera facility is poised to play a pivotal role in boosting domestic chip manufacturing and positioning Gujarat as a leading hub for high-tech and electronics production. It also supports India’s broader ambition to emerge as a global player in the semiconductor industry.

News by Rahul Yelligetti.