Nextgen to Raise Funds for Silicon, SiC Fab in Gujarat

Over the course of the upcoming year, Nextgen Semiconductors intends to raise between ₹1,000 and ₹1,500 crore through a combination of structured instruments and equity. The company's ambitious plan to construct fully integrated silicon (Si) and silicon carbide (SiC) power semiconductor platform in Dholera, Gujarat, will be supported by the financing.

The corporation has pledged to invest more than ₹8,800 crore in phases to build a wafer-to-power electronics ecosystem, which will increase India's independence in semiconductor production. The facility will serve applications in industrial electronics, data centers, renewable energy, and electric vehicles.

It is anticipated that the project will start in April 2026 and be commissioned in 15 months. The India Semiconductor Mission (ISM) is now reviewing the proposal, and land for the project has already been assigned at Dholera.

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The Malaysian semiconductor engineering company Transworld, Myotic, and investors Malvika Agarwal, Harsh Agarwal, and Ayush Goel are among the international and Indian companies supporting Nextgen. The business has inked a final contract with Hitachi Energy and its partn/ers for process knowledge and global market access in order to improve execution.

The project intends to establish India as a global provider of Si and SiC devices in addition to being a consumer, according to Raja Manickam, Director of Nextgen. The goal of the progressive implementation and foreign partnerships is to create a scalable platform that can compete globally.

India's drive to increase its local manufacturing capacity is gaining traction as a result of the global surge in semiconductor demand. The initiative from Nextgen fits in with national aims under ISM and has the potential to be very important in building a robust chip supply chain in the nation.