A-Fact: "Indian Government Approves OSAT Plant"

A-Fact announced on August 19 that its planned local joint venture (JV) project in Andhra Pradesh, India-the first of its kind by a Korean OSAT (Outsourced Semiconductor Assembly and Test) company-received official approval from the Union Cabinet of India on August 12.

This project is being pursued as part of the Indian government's 'India Semiconductor Mission (ISM)'. In collaboration with its local partner, Advanced System in Package (ASIP) Technologies, A-Fact will establish a facility capable of producing 96 million semiconductor back-end products annually.

With this approval, A-Fact’s project has become one of the ten national strategic projects approved under the 'India Semiconductor Mission'.

The local partner, ASIP Technologies, has a management team comprised of veterans with over 30 years of experience, strategic networks in Silicon Valley, and operational expertise within India. Leveraging the experience of ASIP’s management and India’s abundant design talent, the company is recognized for its stable business operations and strong execution capabilities.

The project will target applications such as mobile phones, set-top boxes, and automotive electronic systems. This will provide a foundation for expanding connections with overseas customers and utilizing India as a global forward base. If domestic IDM (Integrated Device Manufacturer) companies expand their overseas factories in the future, they are also expected to gain a strategic advantage by securing an early foothold in the Indian market.

A-Fact aims to break ground within 2025 and begin full-scale mass production in 2027. The company is currently expediting site acquisition, infrastructure development, and regulatory approval processes.

The company stated, "This approval is not merely about establishing a factory; it represents a strategic turning point that strengthens A-Fact’s position in the global semiconductor supply chain and secures a foundation for long-term growth. As the first entry into India by a Korean OSAT company, this move is significant in developing India into a global hub for advanced technology and contributing to market diversification."

This content was produced with the assistance of AI translation services.