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India attracts semiconductor investment - Developing Telecoms

International semiconductor consortium ISMC, a joint venture between Abu Dhabi-based fund manager Next Orbit Ventures and Israels Tower Semiconductor, a leading foundry in high-value analogue semiconductor solutions, reportedly plans to invest $3 billion in Indias southern Karnataka state to set up a chip-making plant.
Andhra Pradesh Mysuru Kochanahalli Indian Semiconductor Mission Vedanta Ltd Israel Tower Semiconductor Semiconductor Mission

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ISMC announces plan to set up India's first semiconductor fabrication unit

ISMC on Sunday (May 1) announced its plan to set up Indiaโ€™s first semiconductor fabrication unit. The international semiconductor consortium will invest $3 billion in India's southern Karnataka state to set up a chip-making plant. It comes after union minister Ashwini Vaishnaw said that the Modi government expects to grant approvals to electronic chip makers in the next six to eight months.
Ashwini Vaishnaw Narendra Modi Rajeev Chandrasekhar Union Cabinet Vedanta Ltd Semicon India Programme

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