LTSCT's silicon investment to exceed $10 billion

LTSCT's investment in silicon may exceed $10 billion, its investment in silicon carbide is more than $1 billion, and its investment in gallium nitride is about $500 million. LTSCT estimates that it will achieve its $1 billion revenue target in the next 2 to 3 years, when it will start building a wafer fab. At the same time, LTSCT acquired 100% of the shares of SiliConch Systems in Bangalore for 1.83 billion rupees in cash. SiliConch Systems was established in April 2016 and specializes in the development/design of semiconductor IP/integrated circuits (ICs). The company has 30 authorized patents worldwide, and its operating income in the past three years was 276.8 million rupees, 199.7 million rupees and 110.2 million rupees respectively.