Mindgrove Technologies, a fabless semiconductor firm sponsored by Peak XV Partners, announced what it claimed to be the first high-performance commercial SoC (system on chip) in India. Known as Secure IoT, it is intended for IoT devices and is anticipated to be 30 percent less expensive than other chips in comparable markets.

The chip has undergone a successful MPW tape-out (the silicon industry term for prototyping) at the 28nm node, according to the startup, which is funded by the IITM Pravartak Technologies Foundation and housed in the IIT-Madras Incubation Cell. Reference boards will be made available for original equipment manufacturers to test out the chip in the upcoming weeks.

Local businesses will be able to employ an Indian SoC in their goods and help lower device costs without sacrificing high-end capabilities thanks to the startup says chip, which is based in Chennai.

Local businesses will be able to employ an Indian SoC in their goods and help lower device costs without sacrificing high-end capabilities, which is based in Chennai.

The chip can operate a wide range of devices, including wearables like smartwatches, smart city gadgets like linked gas, water and electricity metres, and connected home gadgets like speakers, fans, locks and EV battery management and control systems.

Shashwath TR, chief executive and cofounder of Mindgrove Technologies says, “India consumes over a billion chips a year and anywhere between 10 and 50 million of them can be replaced by Secure IoT. Further, there is widespread demand for microchips worldwide, and we expect global buyers to be excited about a new option from India.”