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The Indian conglomerate aims to manufacture mature nodes of 65 nm (nanometre) before moving to 48 nm and then to 28 nm — which supports applications ranging from graphic processor units (GPU) to consumer electronics and the internet of things — in a few years.
The collective value of the proposals equals nearly about $22 billion, more than twice the $10 billion incentive amount that New Delhi has earmarked for the chip ecosystem.
During an investment summit in Gujarat in January, Tata Sons Chairman N Chandrasekaran announced that the group would build a massive semiconductor fab in Dholera to start operations in 2024.
India is competing with some of its key allies – the US and Europe – to attract chipmakers, and is offering a 50 per cent capital expenditure subsidy to successful applicants at the central level under its $10 billion incentive scheme, with state governments sweetening the deal further at their own end.
Tower Semiconductor to Attend the Susquehanna Technology Conference in New York