DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!
   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
DarkVision Hardware - Daily tech news
May 22, 2019 
Main Menu
News archives

Who's Online
There are currently 182 people online.


Latest Reviews
Ewin Racing Flash gaming chair
Arctic BioniX F120 and F140 fans
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset

Follow us

IBM and STMicroelectronics to build fabs in India?

Posted on Monday, September 16 2013 @ 12:15:32 CEST by

VR Zone spreads news that IBM and STMicroelectronics are considering to build chip manufacturing plants in India. The Indian government announced it will offer incentives to hardware markets to set up shop in the country and is said to be in talks with IBM and STMicro for a deal worth around $8 billion.
The federal government is set to offer lucrative incentives to chipmakers to set up shop in the country. They include subsidies on capital spending, interest-free loans and tax breaks. India’s Communications and Information Technology minister Kapil Sibal said in a statement earlier today that the country needs no less than 15 fab units.

Sibal said that offering such incentives was the only way to lure chipmakers to establish fabrication plants within the country. With India’s demand for electronics set to reach $400 billion by the year 2020, the government is looking to local manufacturing units to meet the estimated demand.

Consortiums that include the likes of IBM and STMicroelectronics have shown interest in establishing semiconductor wafer plants in the country. Sibal said that the two consortiums have two months to submit more detailed bids that highlight production and marketing plans.



DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2019 DM Media Group bvba