Moschip Technologies Ltd.

MosChip Technologies has received approval from Ministry of Electronics and Information Technology, Government of India (MeitY) for its application under Government of India's Semiconductor Design Linked Incentive (DLI) scheme for the development of a smart energy meter IC for India and Overseas markets.

Ministry of Electronics and Information Technology announced the Design Linked Incentive (DLI) Scheme to offset the disabilities in the domestic industry involved in semiconductor design to not only move up in the value chain but also strengthen the semiconductor chip design ecosystem in the country. CDAC (Centre for Development of Advanced Computing) is responsible for the implementation of the DLI Scheme as a Nodal Agency. 

The Design Linked Incentive (DLI) Scheme aims to offer financial incentives as well as design infrastructure support across various stages of development and deployment of semiconductor design(s) for Integrated Circuits (ICs), Chipsets, System on Chips (SoCs), Systems & IP Cores and semiconductor linked design(s) over a period of 5 years. MosChip's application for the development of a smart energy meter IC was evaluated by CDAC on behalf of MeitY and approved reimbursement on completion of development milestones. Smart energy meter IC market is expected grow at 7% CAGR reaching around 60 million units in India and around 2 billion units in Overseas Global Market by 2028.

MosChip Technologies is a publicly traded semiconductor and system design services company headquartered in Hyderabad, India.