Mumbai, March 21, 2025: PTW is a Singapore headquartered semicon solutions provider, with focus on frontend wafer production tools refurbishment. PTW has recently started production of Robot arms for wafer transfers, single-chamber and multi-chamber spin etchers. Started in Singapore in 2015, PTW is now a global market leader in frontend semicon tools refurbishment and trading with 14 Subsidiaries in all key wafer producing countries and is approved vendor for more than 650 leading fabs around the world.
Having been following the semicon industry development in India for the last few years, PTW has taken a proactive approach to play instrumental role in development of semicon industry in India. PTW sees opportunity to be the market leader in India in providing semicon engineering solutions with an early entry and strategic tie-ups with emerging and leading players in the industry.
PTW has been assisting leading foundries in the world to sell their proven and established production lines. PTW has recently assisted a Japanese and a European Customer to sell their Lines to East Asian Nations based businesses.
In March 2025, PTW has secured interest from RRP Electronics Ltd, a leading OSAT player in India, to buy a proven and established silicon wafer line, along with process and technology knowhow transfer. This plant at full capacity would earn more than $1.2 bln revenue with more than 60% gross profit margin, based on our customers current market benchmarks.
PTW aims to sell another two lines to Indian customers within the next 1 to 2 years. With this, PTW plays instrumental role in establishing India’s first major wafer producing plant. Potential 3 Line sales to India will support PTW strategy to become the market leader in fast growing major economies in the world i.e. India. This Line is expected to reduce India’s dependence on imports of Electronics and help Indian government ambition to Make in India.
RRP Electronics Ltd is expected to complete purchase of this Line within 2025 and start pilot production in 2025-26, with scale-up to full capacity utilization in the next 2 years.
TOP2, a Singapore based consulting firm, is advising PTW and RRP on this strategic partnership.
