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BC Jindal Group, a major manufacturer of packaging and labelling products, is likely to be the new partner in Tower Semiconductors' proposal, , partnership, jindal group, Tower Semiconductors, Next Orbit Ventures
Tower Semiconductor Proposal: The company, however, is also facing legal action from its erstwhile joint venture partner Abu Dhabi-based Next Orbit Ventures which is considering suing Tower Semiconductors for going ahead and submitting a fresh proposal with a new partner.
The company, however, is also facing legal action from its erstwhile joint venture partner Abu Dhabi-based Next Orbit Ventures which is considering suing Tower Semiconductors for going ahead and submitting a fresh proposal with a new partner.
Getting involved with local organisations, governing organisations, and business groups can aid in the establishment of a prosperous semiconductor unit in Karnataka.
The company had earlier applied to receive incentives for making 28 nm chips. It has now modified its application to manufacture 40 nm chips and receive incentives in that category, a source said. Earlier this year in May, the IT ministry had revised the guidelines for applying for incentives and said the applicants would now be able to apply as and when they either have a production grade technology or have a partnership with such company.