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.
Indian government seeks $5 billion for two wafer fabs
Posted on Saturday, April 23 2011 @ 7:01 CEST by Thomas De Maesschalck
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.