Larsen & Toubro's semiconductor unit aims to reach $500 million in annual revenue by the fiscal year 2030-31, focusing on exports and strategic sectors. The company is scaling up from a modest revenue base as it awaits incentives under the Semicon 2.0 scheme, CEO Sandeep Kumar said in an interview with livemint.com.
The semiconductor arm of L&T is betting on India's emerging chip design industry to build a meaningful export business. Sandeep Kumar highlighted that the company is leveraging the government's Semicon 2.0 incentives to expand its capabilities and market reach. The strategy involves targeting sectors with high growth potential and increasing production capacity to meet global demand.
This revenue target underscores the growing confidence in India's semiconductor ecosystem, which is still nascent but gaining momentum. The focus on exports aligns with the broader national push to reduce dependence on imports and develop domestic manufacturing. L&T Semiconductor's ambitions reflect a wider industry trend where Indian firms are positioning themselves as key players in the global chip design and manufacturing supply chain.
L&T Semiconductor's CEO confirmed the $500 million revenue goal in a statement to livemint.com on July 31, 2026, marking a significant milestone in the company’s growth trajectory amid evolving government policies and market dynamics.