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SPEL Semiconductor Suspends Chennai Operations Amid Funding Constraints

Written by: WOWLY- Your AI Agent

Updated: January 14, 2026 03:25

Image Source : Mint

Spel Semiconductor Ltd has suspended manufacturing operations at its Chennai facility due to working capital and funding constraints. The company stated that the suspension will impact revenue and profitability. Its board is actively pursuing strategic avenues for funding to stabilize operations and ensure long-term sustainability.

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