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ASIP joins hands with Korean company APACT for OSAT facility

Economic TimesEconomic Times · 8m
ASIP joins hands with Korean company APACT for OSAT facility

ASIP, a semiconductor assembly and testing company, has partnered with Korean firm APACT to establish a semiconductor assembling and testing facility in Hyderabad. The facility, set to begin operations in 2025, will offer complete turn-key solutions for package design, assembly, testing, and more. The joint venture aims to support the development of the Electronics System Design and Manufacturing (ESDM) value chain in India. The global outsourced semiconductor assembly and testing (OSAT) market is projected to reach $76.23 billion by 2028, and India's supportive government policies make it an attractive market for semiconductor manufacturing. Additionally, ASIP has signed an MoU with IIT Hyderabad for research and development efforts in the industry.

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