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Indian government seeks $5 billion for two wafer fabs

Posted on Saturday, April 23 2011 @ 07:01:46 CEST by

EE Times reports India seeks to jump start a chip manufacturing industry by helping to fund an investment of about $5 billion to build two wafer plants.
The exact level of government support for the plan would be finalized by way of negotiations with interested parties. This is set to happen after a report has been produced by the newly-formed Empowered Committee for identifying technology and investors for Semiconductor Wafer Fabrication (Fab) Manufacturing Facilities, the Indian government said in a statement.

The Empowered Committee is composed mainly of political appointments but is expected to co-opt industry experts and is due to report back to government by July 31, 2011.



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