Tower s Indian chip foundry project is pegged at $9-10 billion, of which 50% will be subsidised by the Centre under the Indian Semiconductor Mission (ISM). States provide an additional 15-25% subsidy.
Tower Semiconductor Indian Chip Foundry: Tower s Indian chip foundry project is pegged at $9-10 billion, of which 50% will be subsidised by the Centre under the Indian Semiconductor Mission (ISM). States provide an additional 15-25% subsidy.
The HCL Group-Foxconn Group joint venture s outsourced assembly and testing (OSAT) unit proposals, as well as the Tata group s, are also expected to receive Cabinet approval.
Tata Electronics Rs 91,000-crore project will be set up in Gujarats Dholera district in partnership with Taiwanese Powerchip Semiconductor Manufacturing Corp (PSMC), Union communications and IT minister Ashwini Vaishnaw said in a press briefing on Thursday.
S Krishnan: "A significant part of the electronics manufacturing in India is related to mobile phones. Over 99% of mobile phones used in India today are being manufactured locally. This is a matter of pride for us. But there are areas of concern."