The Andhra Pradesh government has finalised the arrangements for its first semiconductor project under the India Semiconductor Mission (ISM). The groundbreaking ceremony for the Outsourced Semiconductor Assembly and Test (OSAT) facility, proposed by M/s. Advanced System In Package Technologies Private Limited, is scheduled for June 8.
The project, proposed at Tarluvada village of Anandapuram mandal in Visakhapatnam district, envisages a total investment of ₹2,387.81 crore. The investment will be executed in two phases. The first phase will involve an outlay of ₹542.19 crore, followed by ₹1,845.61 crore in the second phase.
Centre approves ₹468-crore semiconductor unit in Andhra Pradesh
“To ensure the rapid grounding of this high-tech facility, the State government has approved the allotment of 30 acres of land to the firm at a nominal rate of ₹1 per acre. This is a special case and a maiden project sanctioned to the State under the Union government’s India Semiconductor Mission,” a higher official told The Hindu on Wednesday (June 3, 2026)
The project is expected to be a major employment generator for the region, with plans to create 1,000 jobs—200 in the first phase and 800 in the subsequent phase.
