India, Aug. 1 -- Andhra Pradesh's first semiconductor manufacturing facility -- inaugurated by Prime Minister Narendra Modi in Visakhapatnam under the India Semiconductor Mission -- is expected to strengthen the state's chip ecosystem, create high-skilled jobs and accelerate the growth of semiconductor manufacturing, industry experts said.

The facility, developed by ASIP Technologies Pvt Ltd, in partnership with APACT, Republic of Korea, with an investment of over Rs 460 crore, will have capacity to manufacture around 96 million semiconductor chips annually.

The facility is Andhra Pradesh's first semiconductor manufacturing plant approved under the India Semiconductor Mission, the statement added.

The groundbreaking development stands ...