India's Paras Defense semiconductor unit to invest in Madhya Pradesh OSAT facility

Indian defense engineering company Paras Defense and Space Technologies said its semiconductor subsidiary, Paras Semiconductors, will invest INR62 billion (approx. US$643.79 million) to establish a semiconductor packaging and testing facility in Madhya Pradesh, as the country expands efforts to build a domestic chip manufacturing ecosystem, according to <em>Reuters</em>, <em>The Economic Times</em>, and <em>Data Quest</em>.