Page 150 - Stmicroelectronics News Today

After several initial deals stalled, the Indian government is re-inviting applications for building semiconductor facilities in the country as the US-China chip trade war transforms the sector.

NEW DELHI, June 1 — A planned US$3 billion (RM13.8 billion) semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner has...

ISMCs $3 billion chipmaking facility plans are currently on hold as Tower could not proceed to sign binding agreements as things remain under review after Intel acquired it for $5.4 billion last year

Newsbeezer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsbeezer.com Daily Mail and Mail on Sunday newspapers.

On Wednesday, the Ministry of Electronics and IT (MeitY) announced that it will reopen the window for applying to its Rs 76,000 crore semiconductor manufacturing plan after the first window failed to attract any major names.

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The planned semiconductor facility in India faces setbacks as chip consortium ISMC's partnership with Israeli chipmaker Tower is stalled due to Intel's ongoing takeover.

Progress on two major semiconductor projects in India has been slow, according to a recent Reuters news report.

Modi has made chipmaking a top priority for India's economic strategy

A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner has been stalled due to the company's ongoing takeover by Intel, three people with direct knowledge of the strategy said. A second mega $19.5 billion plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly as their talks to rope in European chipmaker STMicroelectronics as a partner are deadlo...