iVP Semi is a fabless semiconductor startup that designs, manufactures, outsources production, and  sells semiconductor chips to other companies. The startup raised $5 million in its pre-series A funding  round from its existing and new investors. The company plans to use these fresh proceeds to scale its  operation, marketing, R&D, and advertising while meeting general corporate expenses. 

The company intends to use a portion of this investment to expand its network and establish chip  design centers in various parts of India including Bengaluru and Chennai. The firm will license product  IP from Japan, Taiwan, and the US. The semiconductor startup is also working with the government of  Tamil Nadu to establish around 20,000 sq. ft. production testing units in Chennai. This facility will be  fully operational this year by October. This production unit in Chennai will have design, testing, and  certification capabilities. The company is also planning to set up another testing unit in South India.  The startup follows the approach of other tech giants including Broadcom, Nvidia, and Qualcomm that  focuses on R&D while providing outsourced production to other companies. 

The startup will focus on serving clients in sectors of renewable energy, the automotive industry, and  the electric vehicles market. The founder of iVP, Raja Manickam mentioned that the startup aims to  localize semiconductor chip production and improve product development cycles to empower Indian  startups. This approach will help in achieving technological autonomy. The investment shows the trust  of investors in the firm’s market potential and business model. This fresh capital will help the company  to develop innovative solutions for market expansion and to enhance the performance capability of  the chips.  

iVP Semi aims to revolutionize the semiconductor market in India and establish the local presence of  fabless chips across India. The development came at a time when Indian Semiconductor chip  production was on the rise with rising GenAI electronics and adoption. The secretary of MeitY, S  Krishnan highlighted that iVP Semi plays a vital role in creating demand and filling the gap in  manufacturing capacity in OSAT. Inc42 reported. The company is aiming for a revenue of $70 million  to $100 million in the next two years.  

Conclusion: 

Ivp Semi is a semiconductor startup that secured 5 million USD from its new and existing investors in  its pre-series A funding round. The company intends to use this fresh capital to scale its production,  and marketing while expanding its network. The startup plans to establish chip design centers in  various parts of India including Bengaluru and Chennai with full operational capabilities. The company  will receive the licensed product IP from Japan, Taiwan, and the US. This semiconductor startup also  partnered with the government of Tamil Nadu to establish around 20,000 sq. ft. production testing  units in Chennai. The company is also planning to establish another testing unit in South India. iVP  Semi is expecting a revenue of $70 million to $100 million in the upcoming two or three years.