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India approves $15B in semiconductor plant investments

India has approved allocating up to $15.2 billion (1.26 trillion Indian rupees) to build three new semiconductor plants, including its first semiconductor fab facility -- part of the country's big bid to take on China, Taiwan and other countries in the chip race. On Thursday, the Indian cabinet approved the country's first semiconductor fab facility set up by the salt-to-software conglomerate Tata Group and Taiwan's Power Chip, which will be established in the Dholera region of G...
India General New Delhi United States Ashwini Vaishnaw Narendra Modi Japan Renesas Electronics
Source: yahoo.com

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