NextGen & Hitachi to Invest ₹ 1500 Crore in Semiconductor Plant at Dholera SIR

Nextgen aims to establish a wafer-to-power electronics components' ecosystem that will accelerate India's self-reliance in critical semiconductor technologies for electric vehicles, renewable energy, data centres, and industrial electronics.

Nextgen Semiconductors, which has announced to set up a chip facility in Gujarat, on Friday said it plans to raise around Rs 1,000-1,500 crore through equity and other instruments in the next 12 months. Nextgen has announced to invest more than Rs 8,800 crore in phases to build India’s fully integrated Silicon (Si) and Silicon Carbide (SiC) power semiconductor platform in Dholera, Gujarat.

The above reports published on 12 September 2025 referred to a “definitive agreement” between Nextgen Hitech Semiconductor Pvt. Ltd. and Hitachi Energy. This was an incorrect statement.

The correct position is that an MoU (Memorandum of Understanding) has been signed between Hitachi India Pvt. Ltd., Gujarat State Electronics Mission (GSEM), and Nextgen Hitech Semiconductor Pvt. Ltd. Hitachi Energy is not a party to this MoU.