Nextgen Semiconductors, which recently announced plans to establish a semiconductor fabrication facility in Gujarat, said on Friday that it intends to raise around ₹1,000–1,500 crore over the next 12 months through equity and other financial instruments.
The company has already committed to investing over ₹8,800 crore in phases to develop India’s first fully integrated Silicon (Si) and Silicon Carbide (SiC) power semiconductor platform in Dholera, Gujarat.
Nextgen also issued a clarification regarding earlier reports that mentioned a “definitive agreement” between Nextgen Hitech Semiconductor Pvt. Ltd. and Hitachi Energy. The company confirmed that the correct position is an MoU (Memorandum of Understanding) signed between Hitachi India Pvt. Ltd., Gujarat State Electronics Mission (GSEM), and Nextgen Hitech Semiconductor Pvt. Ltd. Hitachi Energy is not a party to this MoU.
This development underscores India’s growing momentum in semiconductor manufacturing and aligns with the country’s vision of becoming a global hub for advanced electronics and chipmaking.
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