Singapore-based semiconductor solutions provider PTW has secured interest from RRP Electronics Ltd, a leading OSAT player in India, to buy a proven and established silicon wafer line, along with process and technology knowhow transfer.

At full capacity, this plant would earn more than $1.2 billion revenue with more than 60% gross profit margin, based on current market benchmarks.

Focusing on frontend wafer production tools refurbishment, PTW has recently started production of robot arms for wafer transfers, single-chamber and multi-chamber spin etchers. Started in Singapore in 2015, PTW is now a global market leader in frontend semicon tools refurbishment and trading with 14 subsidiaries in all key wafer producing countries and is approved vendor for more than 650 leading fabs around the world.

Having been following the semicon industry development in India for the last few years, PTW has taken a proactive approach to play an instrumental role in the development of India’s semiconductor industry. PTW sees an opportunity to be the market leader in India in providing semicon engineering solutions with an early entry and strategic tie-ups with emerging and leading players in the industry.

RRP Electronics is expected to complete the purchase of this line within 2025 and start pilot production in 2025-26, with scale-up to full capacity utilization in the next two years.

PTW aims to sell another two lines to Indian customers within the next one to two years. With this, PTW plays instrumental role in establishing India’s first major wafer producing plant. Potential three line sales to India will support PTW’s strategy to become the market leader in fast growing major economies in the world, including India. This line is expected to reduce India’s dependence on imports of electronics and help the government’s ambition of “Make in India”.