Nextgen Semiconductors

Nextgen Semiconductors has announced ambitious plans to strengthen India’s semiconductor ecosystem, revealing that it intends to raise ₹1,000–1,500 crore through a mix of equity and structured financial instruments over the next 12 months. The fundraise will support the company’s landmark investment of over ₹8,800 crore, to be deployed in phases, for setting up India’s first fully integrated Silicon (Si) and Silicon Carbide (SiC) power semiconductor manufacturing platform at Dholera, Gujarat. According to the company, this state-of-the-art facility aims to create a complete wafer-to-power electronics ecosystem, accelerating India’s self-reliance in critical semiconductor technologies. These chips will play a vital role in fast-growing sectors such as electric vehicles, renewable energy, data centres, and industrial electronics. Nextgen plans to begin project execution at Dholera by April 2026, with the facility expected to be commissioned within 15 months. The project has already secured land allocation and is currently under review by the India Semiconductor Mission (ISM). The semiconductor unit is being promoted by a strong consortium of global and Indian partners, including IVP, Malaysian semiconductor engineering firm Transworld, Myotic, and investors such as Malvika Agarwal, Harsh Agarwal, and Ayush Goel. Strengthening its technological edge, Nextgen has also signed a definitive agreement with Hitachi Energy and its associates, bringing global process expertise and international market access to India. Commenting on the vision, Raja Manickam, Director at Nextgen, said the project aims to position India not just as a semiconductor consumer, but as a competitive global supplier of Si and SiC power devices, supported by world-class infrastructure and phased execution.