Microchip units: Govt evaluating proposals worth $21bn ...Middle East

The Times of India - News
Microchip units: Govt evaluating proposals worth $21bn
The Indian government is evaluating $21 billion of semiconductor proposals, including plans for a $9 billion plant by Tower Semiconductor and an $8 billion chip fabrication unit by Tata Group. Renesas Electronics Corp and Murugappa Group's CG Power are also seeking to invest in chip facilities. Under India’s chipmaking incentive plan, the government would bear half the cost of any approved projects, with an initial budget of $10 billion for the task.

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