The Indian government is reviewing investment proposals totaling $21 billion to boost chip manufacturing in the country. According to a Bloomberg report, the proposals encompass diverse ventures from both Indian conglomerates and international players. Israel's Tower Semiconductor has proposed a $9 billion chip plant in Gujarat. Its proposed plant may...
Israel’s Tower Semiconductor Proposes $8 Billion Facility in India
If Tower’s proposal is accepted by the government, it will be the first semiconductor company with real fabrication pedigree to join India’s $10 billion chip manufacturing initiative. Tower is looking to manufacture 65 nanometer and 40 nanometer chips in India that will be used across sectors such as automotive and...