Tower Semiconductor from Israel pitched to the Indian government the development of an $8 billion chipmaking plant in the South Asian country.
Tower Semiconductor of Israel has proposed to the Indian government the construction of an $8 billion chipmaking factory in the South Asian country, according to an article.
Tower is seeking government incentives for its ambition to build 65 and 40 nanometer semiconductors in India, according to the article.
Requests for response were not immediately responded to by the corporation or India’s IT ministry.
Chip production is a significant component of Modi’s business agenda, but initial efforts to provide $10 billion in incentives to the industry have failed, with several initiatives postponed or withdrawn.
Also read: “Fail Fast Learn Fast and Move On”
CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics.