L&T Semiconductor Technologies Ltd (LTSCT), a wholly owned subsidiary of Larsen & Toubro, is taking a significant step to propel India to global leadership in chip-making. L&T is emerging as one of the front-runners in India’s semiconductor industry.

From acquiring cutting-edge power module design assets of Fujitsu General Electronics Limited (FGEL) of Japan to a partnership with the Indian Institute of Science (IISc) to set up India’s first National 2D Innovation Hub. The company is carving a decisive role in shaping the country’s semiconductor future. 

L&T’s Strategic Acquisition of Fujitsu

Adding to the innovation and design strength of LTSCT, the company acquired the Power Module Design Assets from Fujitsu General Electronics Limited (FGEL) of Japan on September 5, 2025. As part of the deal, LTSCT has acquired FGEL’s R&D equipment, design patents, and various intellectual properties related to power module technologies. This will strengthen LTSCT’s move into power electronics design and development, broadening the company’s product offerings in its key areas of industrial, energy, and automotive applications.

Sandeep Kumar, Chief Executive Officer of L&T Semiconductor Technologies Ltd, stated, “The acquisition of power module technology is a crucial step in LTSCT’s growth journey and an important step towards our vision of enhancing India’s presence in the global semiconductor ecosystem.” Mr. Tadashi Hasegawa, Director and COO of Fujitsu General Limited, added: “We are pleased to see our power module business become a part of LTSCT – a leading semiconductor company from India that shares our commitment to innovation and technological excellence.

We are sure that this transfer will ensure the continued development and expansion of cutting-edge power module technologies, benefiting global customers and driving industry-wide advancements.”

Fujitsu General Electronics Limited(FGEL) is a subsidiary of Fujitsu General Limited, a Japanese company established in 1936, specializing in the development and manufacturing of Electronic Devices, including power modules. These are critical components in various electronic applications, including automotive systems, industrial machinery, and renewable energy solutions. The company's expertise in power electronics complements Fujitsu General's broader portfolio in electronics and HVAC (Heating, Ventilation, and Air Conditioning) systems.

Building India’s First 2D Innovation Hub

On September 3, 2025, L&T Semiconductor Technologies announced a collaboration with the Indian Institute of Science (IISc), Bangalore, on the second day of Semicon India 2025. Both signed a strategic Memorandum of Understanding (MoU) to collaborate on the development of a national 2D innovation Hub, marking a significant step towards advancing research and translation in 2D material-based semiconductors and quantum technologies.

The innovation hub will serve as a world-class facility focused on next-generation semiconductor technologies, positioning India at the forefront of global semiconductor R&D. LTCSM is kicking off this mission by providing manpower, facilities, and ecosystem connections and will expand to building infrastructure, enabling indigenous toolchains, and potentially integrating these technologies.

At the same time, IISc, as the host institution, will develop platform technologies, create wafer-scale cleanroom and fabrication capabilities, and drive translational research and innovation in semiconducting and quantum 2D applications. The 2D Innovation Hub aims to make India’s first wafer-scale R&D line for semiconductor 2D materials and develop advanced processes, Process Design Kits (PDKs), and reference test vehicles.

They also demonstrate advanced 2D material-based microprocessor-level prototypes and quantum devices by building a national ecosystem with robust participation from academia, industry, and government. Prof. Mayank Shrivastava, Professor & Chair, Department of Electronic Systems Engineering, IISc, said, “Building the National 2D Innovation Hub is a profound demonstration of India’s scientific leadership and collaborative strength.

This partnership reflects IISc’s commitment to cutting-edge scientific leadership and LTSCT’s long-term vision to play a catalytic role in India's deep-tech and semiconductor ecosystem. It will enable the acceleration of India’s journey toward leadership in 2D electronics and quantum Technologies.”

A Forum of Design Leadership

As CEO of L&T Semiconductor and Chairman of the new Semiconductor Product Leadership Forum, Sandeep Kumar, L&T's leader, is committed to ensuring India not only consumes but also designs and innovates. The Indian Cellular and Electronics Association (ICEA), the top industry body representing the electronics and semiconductor sector, announced the forum on September 1, 2025. This platform aims to position India as a global leader in semiconductor product design, IP creation, and high-value innovation.

The forum intends to launch around 100 new, successful companies through this initiative by 2035. Kumar also stated that India’s semiconductor consumption is expected to grow to over USD 120 billion by 2030, a significant increase from the current USD 24 billion market. “India doesn't manufacture semiconductors as of now. We definitely use it. We consume about USD 24 billion worth of semiconductors, and it is expected to rise to upwards of USD 100-120 billion by 2030. When India starts to produce those chips, our share will definitely rise,” Sandeep Kumar told ANI.

From corporate moves to government initiatives, India’s semiconductor story is gaining momentum. LTSCT’s acquisitions, partnerships, and leadership roles are positioning it as a catalyst for change. “By 2035, India’s semiconductor industry will not just power our economy but contribute significantly to the global technology value chain,” Kumar affirmed. For India, the journey from being a chip consumer to a chip creator has begun, and L&T Semiconductor is leading from the front.

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