Key Points
Those plans, however, did not materialize owing to the latters lack of credible expertise and experience in manufacturing electronics products, a source said.ETtech..
US chip foundry major GlobalFoundries is scouting for local partners to set up a chip fabrication unit, sources told ET, as India seeks to deploy a comprehensive semiconductor manufacturing policy aimed at establishing its leadership credentials in the future...
ET had earlier reported that the Vedanta-Foxconn joint venture had inked a memorandum of understanding with GF and European chipmaker STMicroelectronics for the technology to fabricate semiconductor chips...
Sources had then told ET that the Indian government had also suggested both GF and STMicro take an equity stake in the partnership they were planning with the Vedanta-Foxconn combine...
All these companies are vying for incentives under the governments $10 billion India Semiconductor Mission, which aims to give flat 50% incentives to successful companies to set up semiconductor fabrication units, assembly, testing, marking and packaging (ATMP) as well as outsourced assembly and testing units (OSAT)...
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