RRP Semiconductor Ltd has issued a formal clarification denying any export activity or order receipt for ASIC chips under the India Semiconductor Mission. The company also dismissed claims of receiving a ₹6.15 crore order or being named a top semiconductor brand, amid scrutiny over its meteoric stock rise.
Amid rising investor interest and speculation, RRP Semiconductor Ltd has released an official statement clarifying its non-involvement in any ASIC chip exports or government-backed orders under the India Semiconductor Mission. The company emphasized that it has not received any ₹6.15 crore export order, nor has it been designated as the “most trusted semiconductor brand of 2025.”
The clarification comes in response to market rumors and social media claims, which gained traction following the company’s extraordinary stock surge—over 63,000% in 18 months, from ₹15 in early 2024 to over ₹9,500 by October 2025. The India Semiconductor Mission also issued a separate statement confirming no formal association or support for RRP Semiconductor.
The company reiterated its commitment to transparency and confirmed that no insider trading has occurred among key personnel, and that preferential allotment shares remain under lock-in.
Key Highlights:
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No ASIC chip exports or orders under India Semiconductor Mission
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No ₹6.15 crore export contract received
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Not designated as “most trusted semiconductor brand of 2025”
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India Semiconductor Mission confirms no official backing
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Stock surged 63,000% in 18 months, triggering scrutiny
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Preferential allotment shares under lock-in; no insider trading reported
RRP Semiconductor’s clarification aims to restore investor confidence and ensure regulatory transparency amid heightened market attention.
Sources: ScanX News, ET Government