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India Snares First Chip Fab With Israel’s ISMC – Mint

Israel’s ISMC will invest almost $3 billion in India’s first semiconductor fabrication plant in Karnataka state, Mint reported.


Tower Semiconductor is planning a chip plant in southwest India. Pic: Towersemi.com

 

Israel-based ISMC Analog Fab Private Ltd, a consortium between Tower Semiconductor and Abu Dhabi’s Next Orbit Ventures, will invest almost $3 billion in a manufacturing plant in Karnataka state, which will be India’s first semiconductor fabrication plant, Mint reported on Sunday, citing the state government.

The factory is expected to create more than 1,500 direct jobs and 10,000 indirect jobs, state officials said.  Intel announced plans in February to acquire Tower.  ISMC and local conglomerate Vedanta have applied under a $10 billion government incentive scheme to set up computer chip and display operations in India, the report said.

Read the full report: Mint.

 

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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