Key Points
Engineering major Larsen and Toubro (L&T) is following in the footsteps of other Indian conglomerates like Vedanta and Tata Group, foraying into fabless semiconductor chip design..
The company plans to invest Rs 830 crore through a wholly-owned subsidiary which will be engaged in the business of fabless semiconductor chip design for the automotive as well as industrial sector..
L&T chief financial officer, R Shankar Raman tells Kalpana Pathak and Romita Majumdar, that as part of the company's strategic plan, it has always been looking for alternate sources of business for future..
The end users will be automatically based on this chip design that we have chosen - automobile industry and industrial applications and then maybe some energy because we are in the field of energy..
I think in India, most of the chips that are designed are directed by the global majors who choose, along with the designer, what chip they need to manufacture and push it back to India to do the backend designing..
