Paras Defence Enters Semiconductor Sector, to Manufacture 3D Chips in India

• Paras Defence & Space Technologies launched Paras Semiconductor Private Ltd., marking its entry into the semiconductor sector.
• The new subsidiary will focus on advanced 3D and Heterogeneous Packaging and establish a modern OSAT facility in India.
• This initiative aims to reduce India's reliance on foreign chips for defense and security applications, strengthening defense electronics.
• The plant will support optical and optronic systems, High-Performance Computing, networking, and large data centers.
• Despite strong financial performance (50% profit increase), Paras Defence shares fell over 2% post-announcement.

Why It Matters: Paras Defence's new semiconductor unit will boost India's self-reliance in advanced chip manufacturing for defense.