Nextgen Semiconductor to Invest ₹8,800 Cr in India’s Largest Silicon & SiC Chip Ecosystem

Nextgen Semiconductor on Friday said it plans to raise around ₹1,000–1,500 crore over the next 12 months through a mix of equity and structured instruments to fund a large chip-manufacturing project in Gujarat. The company has outlined a phased investment of more than ₹8,800 crore to build a fully integrated Silicon (Si) and Silicon Carbide (SiC) power-semiconductor platform at Dholera. 

The project aims to create a “wafer-to-power-electronics” ecosystem to support electric vehicles, renewable-energy systems, data centres and industrial electronics. Nextgen says it has secured land at Dholera and expects project work to begin in April 2026, with the facility slated for commissioning roughly 15 months after works commence. The initiative is under review by the India Semiconductor Mission (ISM). 

Correction to earlier reporting: several outlets had on September 12 reported a “definitive agreement” between Nextgen Hitech Semiconductor Pvt. Ltd. and Hitachi Energy. Nextgen (via a PTI/press release) has since clarified that the correct arrangement is an MoU signed between Hitachi India Pvt. Ltd., the Gujarat State Electronics Mission (GSEM), and Nextgen Hitech Semiconductor Pvt. Ltd. — and that Hitachi Energy is not a party to the MoU. The company’s clarification was published on September 17. 

Why it matters: India has made semiconductor self-reliance a policy priority, and a large, local Si/SiC power-semiconductor platform could reduce dependence on imports for EVs and power electronics while strengthening domestic supply chains. That strategic context—plus the scale and timeline of Nextgen’s plans—explains the market and media interest, and why accurate reporting about partner arrangements is important for investors and policymakers