CNN Central News & Network–ITDC India Epress/ITDC News Bhopal: Building on his pioneering work in semiconductor engineering space, Raja Manickam has launched iVP Semi, a fabless semiconductor startup focused on empowering Indian system companies through localized chip production. iVP Semi aims to drive innovation and development locally with strong system design competence to help chip manufacturers and suppliers, enabling Indian companies to compete both in India and globally. The company has secured $5M in pre- Series A funding to build India presence, scale operations, set up testing facilities and activate marketing initiatives.
As part of this strategy, iVP Semi is setting up chip design centers in Chennai and Bangalore as well as licensing product IP from Taiwan, Japan and the US. While being an asset-lite fabless company, chip and module testing will be done internally. iVP Semi is working with the State Government of Tamil Nadu to set up a production test facility of 20,000 sq. ft. in Chennai. The second test facility will come up shortly in one other location in South India. The Chennai facility will be fully operational by October 2024, and will be equipped with in-house capabilities from design to testing, ensuring high quality products along with exceptional post-delivery support. It will also feature discreet and power modules testing along with reliability and safety certification centers to reduce time to market for iVP Semi customers. Through its operations in India iVP Semi will predominantly service the local Renewables, EV, and Automotive industries. The company aims to achieve a revenue of $70 million- $100 million in the next two to three years.
