Mumbai, Sept. 2 -- L&T Semiconductor will consider going public only after crossing $500 million (around Rs.4,400 crore) in revenue, chief executive Sandeep Kumar told Financial Express. While he did not specify a timeline, he said the milestone "is expected to take a while."

The semiconductor arm of Larsen & Toubro, now nearing two years of operations, is pursuing a fabless model with no immediate plans to set up fabrication (fab) or outsourced semiconductor assembly and test (OSAT) facilities.

Instead, it is prioritising product development, customer acquisition, and selective acquisitions.

Kumar highlighted strong demand in industrial and automotive applications, which have longer development cycles, and noted an entry into the ener...