English
Русский
German
French
Spanish
Portuguese
Italian
Japanese
Polish
Turkish
Home
Products
Feedback
About Us
Contact Us
Recycling
Inquiry
English
en
Русский German French Spanish Portuguese Italian Japanese Polish Turkish
Inquiry (0)
Home
Products
Feedback
About Us
Contact Us
Recycling
Inquiry
Industry News
Home > Industry News

India's domestic chip plan suffers another setback as sources say Ghota Semiconductor's $3 billion project has been shelved indefinitely

Views : 29
Update time : 2023-06-05 09:25:42
        On June 1, Reuters reported that ISMC, a joint venture led by Israeli chipmaker Ghota Semiconductor, had planned to set up a semiconductor base in southern India. However, the project has been shelved following Intel's announced acquisition of Ghota Semiconductor, which has also set back India's plans for home-grown semiconductors once again.
 
 
        The report said that after the Indian government set up a $10 billion subsidy fund, three semiconductor manufacturers applied for subsidies: a joint venture between Hon Hai and Vedanta, ISMC, led by Israeli foundry Ghota Semiconductor, and Singaporean venture capital firm IGSS Ventures. 
        Reuters quoted sources familiar with the matter as saying that ISMC's original plan to invest $3 billion in a semiconductor manufacturing facility in southern India has been put on hold indefinitely. This follows Intel's $5.4 billion acquisition of Hightower Semiconductor, which is still awaiting regulatory approval in several countries. As a result, both Intel and Hightower Semiconductor leadership have indicated to the Indian side that they are unable to proceed with a binding agreement. 
        The Indian government is set to veto the grant application for a joint 28nm semiconductor fab between Hon Hai and Vedanta. The shelving of the Hightower Semiconductor project means another major blow to India's ambitious indigenous semiconductor plans.

 
Previous :
Next :
Related News
Read More >>
How to Identify Legitimate Sellers When Purchasing Electronic Components Online？ How to Identify Legitimate Sellers When Purchasing Electronic Components Online？
Dec .31.2024
Purchasing electronic components online is different from buying clothes online. One needs to understand various aspects. When shopping online for electronic components, one must have a basic knowledge of electronic components and know how to distinguish
Development Directions and Innovation Trends of the Electronic Components Market in 2025 Development Directions and Innovation Trends of the Electronic Components Market in 2025
Dec .31.2024
With the continuous progress of science and technology and the development of the global economy, the electronic components industry has shown a rapid development trend in recent years. From consumer electronics to industrial automation, from automotive e
Resistance Thermometer Temperature Sensors Resistance Thermometer Temperature Sensors
Dec .31.2024
A resistance thermometer is a common temperature sensor that measures temperature by utilizing the property that the resistance of materials changes with temperature. Resistance thermometers are widely used in various fields, including industrial control,
​​​​​​​Say Goodbye to Lag! Three Ways to Speed Up WiFi ​​​​​​​Say Goodbye to Lag! Three Ways to Speed Up WiFi
Dec .31.2024
Don't worry. By learning the following three methods, your WiFi experience can be greatly improved! Let's improve the home WiFi signal from three aspects: transmission power, wireless channels, and location with the agency of Cirrus Logic. Say goodbye to
Email