Sign MoU for Rs 6,200 Crore Semiconductor Facilit - Paras Defence and Space Technologies Ltd

Code BSE: 543367 NSE:

Government of Madhya Pradesh and Paras Semiconductors Sign MoU for Rs 6,200 Crore Semiconductor Facility Paras Semiconductor, the semiconductor business of Paras Defence & Space Technologies Ltd., has been established to build advanced semiconductor capabilities for strategic and high-performance sensor applications. Leveraging advanced semiconductor manufacturing and packaging technologies, the company aims to develop semiconductor devices for sensor technologies, optical and optronic systems, and other strategic applications in the near term. The facility also offers the potential to support future expansion into AI chips and other advanced semiconductor technologies, as market opportunities evolve. The initiative builds on Paras Defence's longstanding expertise in optics and optronics and reflects the Group's strategic expansion into critical technologies aligned with India's semiconductor ambitions