MiPhi Semiconductors Achieves 2.5X Revenue Growth in Q1 FY27, Strengthening India’s Memory and Storage Ecosystem
MiPhi Semiconductors, the joint venture between Micromax Informatics and Phison Electronics, leader in NAND controllers & flash storage solutions building India’s next generation memory technology capabilities, has crossed ₹250 crore in revenue in the first quarter of FY27, marking a significant milestone in the company’s growth journey and highlighting the rapid commercial adoption of its advanced memory and storage solutions. The milestone comes at a time when India is placing greater emphasis on building capabilities across the semiconductor value chain through design, memory, storage and innovation, positioning MiPhi among the early examples of the kind of indigenous semiconductor companies that can help translate this vision into commercial scale.
This milestone follows an extraordinary growth story since the company was founded. MiPhi’s revenue grew from less than ₹10 crore in FY25 to around ₹100 crore in FY26 and crossed ₹250 crore in just the first quarter of FY27, reflecting the increasing...
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