If Tower’s proposal is accepted by the government, it would be the first semiconductor company with real fabrication pedigree to join India’s $10 billion chip manufacturing scheme, and will be a big boost to New Delhi’s chipmaking ambitions.
Written by Soumyarendra Barik
New Delhi | Updated: February 12, 2024 07:57 IST
3 min read
Tower is looking to manufacture 65 nanometre and 40 nanometre chips in India. Reuters
Israel-based chip manufacturing company Tower Semiconductor has submitted its proposal to set up a chip fabrication plant in India worth around $8 billion, The Indian Express has learnt. The government is assessing its pitch and is hoping to clear it before the model code of conduct kicks in ahead of this year’s general elections.
If Tower’s proposal is accepted by the government, it would be the first semiconductor company with real fabrication pedigree to join India’s $10 billion chip manufacturing scheme, and will be a big boost to New Delhi’s chipmaking ambitions.