India to receive $8 billion semi-conductor fab investment

The EE Times reports that Indian Minister for Communication and Information Technology, Kapil Sibal announced major semiconductor investments.

Two consortia have proposed to build semiconductor wafer fabrication units in India. One  consortium comprises  IBM, India’s Jaiprakash Associates and Israel’s Tower Jazz. The second comprises Hindustan Semiconductor Manufacturing Company (HSMC), ST Microelectronics and Silterra. The investment in the first fabrication unit will be $4 billion while the second unit will have a total investment of around $3.9 billion.

M.J. Zarabi, who headed the Empowered Committee responsible for the feasibility study for the setting up of a fab, told EE Times: “This is a decision that we have been keenly looking forward to. It is indeed a momentous decision that is expected to be a game changer as far as Indian electronics industry is concerned.” Also for Ajay Kumar, the soft-spoken joint secretary of the Department of Electronics and Information Technology, who has always been championing the cause of a fab in India at almost every forum he speaks at, this is a culmination point for his espousal. He had always believed that if India had its own fab, then it would be easier to make a mark on the global hardware map.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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