India, May 6 -- IIT Madras incubated semiconductor startup Mindgrove Technologies has rolled out India's first commercial high-performance SoC (system on chip) called Secure IoT. The chip is designed on open-source instruction set architecture (ISA) RISC-V and is expected to improve cost efficiency for Indian original equipment manufacturers (OEMs) for their feature-rich devices.

Secure IoT will cost 30% less than other chips in similar segments. It can be deployed by players across a range of consumer electronics devices, including TVs, washing machines, air conditioners, and refrigerators. Its multi-processor chip comes with security accelerators, a random number generator, and one-time programmable memory, said Mindgrove in a statemen...