India's semiconductor ambition grows with L&T joining chip effort

Larsen & Toubro Ltd will invest more than $300 million over three years to establish a fabless chipmaker. The company aims to design 15 semiconductor products by the end of this year and begin sales in 2027, supporting India's efforts to build local semiconductor capacity and reduce expensive imports. Semiconductors have grown into a crucial resource across the world, especially as the US-China trade war.