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A scientist wearing a mask and protective gear holds a microchip, with the iVP Semi logo displayed prominently on the right side. The background features a circuit board design, highlighting the focus on semiconductor technology.

iVP Semi Secures $5M to Boost India's Fabless Semiconductor Market

Raja Manickam, CEO of Tessolve, has launched iVP Semi, a fabless semiconductor startup, securing $5 million in Pre-Series A funding from undisclosed investors. The funds will be used to establish testing facilities and expand operations in India, with plans for chip design centers in Chennai and Bengaluru. iVP Semi aims to localize semiconductor chip production, enhancing technological autonomy for Indian companies. iVP Semi is collaborating with the Tamil Nadu government to set up a 20,000 sq. ft. “production test” facility in Chennai by October 2024 and plans a second unit in South India. The launch aligns with rising semiconductor demand, supported by government incentives, and aims to bolster India's position in the global semiconductor market.

By
Anurag Trivedi
This image features a banner with the phrase "Make In India" stylized in bold, orange letters on a black background. The phrase is divided into two lines: "Make In" on the top and "India" on the bottom. Each word is separated by a depiction of two blue microchips with intricate circuit designs, enhancing the technological theme of the banner. The design is clean and modern, emphasizing India's focus on advancing its technology and manufacturing sectors.

India's Semiconductor Revolution: Emerging Startups Powering Technological Autonomy

Explore the remarkable surge in India's technology landscape, driven by a decade of innovative strides in electric vehicles, drones, space technology, and a significant rise in technology funding. This feature delves into the burgeoning semiconductor industry, bolstered by governmental initiatives like the Semicon India programme and the India Semiconductor Mission. Discover how these efforts are steering India towards becoming a global hub for electronics manufacturing and design. Meet the trailblazing companies and visionary leaders at the forefront of this technological revolution, from AGNIT Semiconductors to Vervesemi, each contributing uniquely to India’s promising future in semiconductor technology. Join us as we highlight the pioneers who are not just participating in but actively shaping the future of India’s tech industry.

By
Anurag Trivedi
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