Tower's plan for first Indian chip foundry likely to get nod today
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. Key Points
Economic TimesGovernment approves $2.7-billion Micron's chip plant; unit expected to create 5,000 jobs
The government has cleared U.S.-based chip maker Micron’s project to set up a semiconductor test and packaging unit worth $2.7 billion in the country, according to sources. Key Points
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