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SEMINDIA PARTNERS WITH GOVT, AMD TO INVEST US$3 BLN IN CHIP FAB.
NEW DELHI, Dec 1 Asia Pulse - Even as the government's announcement on Intel's chip testing unit in India is yet to take-off, SemIndia, a consortium of overseas Indians, on Wednesday announced plans to invest US$3 billion in an advanced semiconductor manufacturing facility in the country with technology from America's Advanced Micro Devices Inc.
The project, which is a public-private partnership, is expected to take off next year and will lead to a world-class industry in India to meet domestic and global demands of semiconductor chips for cell phones, PCs, set-top boxes among others, Vinod Agarwal, CEO of SemIndia said here.
The union government (the IT ministry) as well as the state government (where the plant will be located) can be equity partners in the project.
In any public-private partnership, ...
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Source: HighBeam Research, SEMINDIA PARTNERS WITH GOVT, AMD TO INVEST US$3 BLN IN CHIP FAB.