Larsen & Toubro (L&T) is making an entry into the fabless semiconductor chip design business with an initial investment of ₹830 crore, following board approval. The move is a strategic focus on the design aspect of semiconductor chips, avoiding the highly competitive chip manufacturing space dominated by Chinese, Taiwanese, and Korean firms. By concentrating on the “low investment” segment of the supply chain, L&T plans to design semiconductor chips, with a particular emphasis on automobile and industrial chips. This approach also allows for patenting designs, enhancing the business’s value. L&T’s venture aligns with the Indian government’s $10 billion incentive plan to attract chipmakers and foster a semiconductor ecosystem in the country, which has already attracted investments from major players like Micron and AMD.