Chip Market: Ruttonsha International Rectifier Acquires Visicon Power Electronics

- Advertisement -

Visicon Power is in the business of manufacturing Silicon Carbide (SiC) wafers and power electronic devices through the Epitaxial process

In the wake of the government’s Rs 76,000 crore push to boos the semiconductor industry in the country, power chip firm Ruttonsha International Rectifier Ltd has acquired 100 percent stake in Visicon Power Electronics Private Limited.

Visicon Power Electronics is the fully owned Indian subsidiary of Silicon Power Corporation (SPCO) headquartered in Malvern, Pennsylvania.

- Advertisement -

“The Board of Directors of Ruttonsha International Rectifier Ltd at its meeting held today i.e. Tuesday, 28th December, 2021, approved acquisition of 100 percent stake in Visicon Power Electronics Private Limited (Visicon Power) i. e. 21,03,834 Equity Shares for cash consideration of Rs. 2,10,38,340/ -(Rupees Two Crores Ten Lacs Thirty Eight Thousand Three Hundred and Forty only) based on valuation done by registered valuer stating the fair value of shares at Rs.101- per share, thereby making Visicon Power, a wholly-owned subsidiary of the Company,” a stock report said.

Visicon Power is in the business of manufacturing Silicon Carbide (SiC) wafers and power electronic devices through the Epitaxial process. It is in the process of setting up its plant near Baska, Halol, Gujarat. It has received PLI production Scheme approval from the Indian Government.

Further, it has also made an application for the Scheme for Promotion of manufacturing of electronic components and semiconductors (SPECS) for the Government of India for setting up SiC-based manufacturing facility in India.

Ruttonsha expects to receive approval under SPECS schemes in a couple of months’ time. Visicon Power has imported EPI furnace from LPE Italy and is in the process of installing the same at its plant located at Baska, Halol, Gujarat. It expects to start the commercial production from FY 2022-23 onwards.

The aforesaid acquisition is for ease of business operations which will further enable Ruttonsha to acquire latest technology and widen its product reach across diverse business vertical of semiconductors.

- Advertisement -

Most Popular Articles

Delhi Extends EV Policy To Combat Pollution, Boost Adoption

0
As Delhi chokes with its repeated hazardous AQI, Delhi extends its EV policy until March 2025 to boost electric vehicle adoption while a new...

INOXAP, ReNew Partner For Eco-Friendly Solar Cell Manufacturing

0
Boosting eco-friendly production of solar PV cells, INOXAP kicks off industrial gas supply for ReNew’s solar plant in Gujarat, claiming to drive India’s clean...

Germany Plans $2 Billion Boost For Semiconductor Industry

0
Attempting to reduce reliance on Asian suppliers under the European Chips Act, Germany might invest $2.11 billion in advanced chip factories to ensure Europe's...

Element14 Expands Sensor Portfolio With Roxspur Range From TT Electronics

0
This expansion, featuring technologies for aerospace, defense, and industrial sectors, offers customers a comprehensive selection of reliable solutions for demanding applications. element14, has announced the...

ESA Funds €34.6M For Open Cosmos’ Satellite Mission

0
Launching three satellites to study Earth's magnetic field and ionosphere, starting in 2026, the European Space Agency has sanctioned €34.6 million to Open Cosmos-led...
Andy C Mackie, Principal Engineer - Advanced Materials, Indium Corporation

“Our Multi-Alloy System Enables Solder Joints To Form At Lower Processing Temperatures Without Sacrificing...

0
Liquid metal-based thermal solutions offer efficient cooling but face challenges like spillage and reliable thermal resistance in ultra-thin layers. Akanksha Sondhi Gaur and Nijhum...
S.K. Yadav of RIGOL Technologies

“Our India Business Is $2 Million, With A Goal To Reach $6 Million” –...

0
In a chat with EFY’s Nitisha, S.K. Yadav of RIGOL Technologies highlights the company’s journey in India, shedding light on its growth prospects and...
Bejoy George, Managing Director- Chipmax Designs Private Limited,

“We Are Advancing R&D Projects To Develop Modular Assembly Lines With Adaptive Robotics” –...

0
How do you envision technological progressions influencing the future of manufacturing operations? Get informed from Electronics for You’s Akanksha while in dialogue with Bejoy...
Srinivas Parikshith, Co-founder of Auckam Technologies

“We Anticipate Turnover Reaching 40 Million Rupees Next Year With The New Product Line”...

0
Discussing the electronics manufacturing sector, Srinivas Parikshith, Co-founder of Auckam Technologies, talked to EFY’s Nitisha Dubey about their expansion plans to set up a...

“We Bring Intelligence Early On Into The Design Cycle” – Michel Van Cotthem VP...

0
With a solution embedding intelligence early in the design-to-source lifecycle, Supplyframe aims to leverage India’s electronics manufacturing boom. At IEW 2024, Michel Van Cotthem...

HKTDC Electronics Fair Sparks Innovation, 60,000+ Participants!

0
Showcasing cutting-edge tech, global innovation, and booming markets for the future of electronics, HKTDC’s Hong Kong Electronics Fair and electronicAsia drew 60,000+ professionals. Last month,...
Applied Materials Representational Image

Applied Materials Selects Six Startups For Deep-Tech Accelerator Programme

0
The selected deep-tech startups will be evaluated for investment by Applied Ventures and potential collaboration opportunities with Applied Materials. In collaboration with the company's India...

Space tech Startup Akash Secures $68M CHIPS Funding

0
Eyeing to power into AI, EVs, and more high-tech industries, Akash Systems lands $68 million CHIPS grant to boost its cooling tech facility, generating...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

Industry's Buzz

Learn From Leaders

Startups