India Okays US$15 billion of milestone chip plant investmentsStaff writer, with BloombergIndia’s government has approved US$15.2 billion worth of investments in semiconductor fabrication plants, including a Tata Group proposal to build the country’s first major chipmaking facility. Photo: Reuters“We will start construction of this plant within 100 days,” the minister said during the briefing, referring to Tata’s fab. The government has offered to shoulder half the cost of any approved projects, up to an initial ceiling of US$10 billion. The semiconductor fund has already helped US memory maker Micron Technology Inc establish a US$2.75 billion assembly facility in Gujarat. Taiwan’s Powerchip Semiconductor Manufacturing Corp (PSMC, 力積電) yesterday confirmed that it would assist Tata Electronics Pvt Ltd to build India’s first 12-inch wafer fab in Dholera, Gujarat.
