India’s first chip manufacturing plant should start construction in February of next year as part of the country’s drive to become a bigger semiconductor hub.
That’s according to Indian business publication Mint, which recently reported that work on ISMC Digital’s $3 billion fab in the southwestern state of Karnataka could begin in a matter of months, if India’s central government approves the project in time.
ISMC is a joint venture between Next Orbit Ventures, an investment company in the United Arab Emirates, and Tower Semiconductor in Israel. In addition, Tower Semiconductor has been acquired by Intel for $5.4 billion in early 2022.
The report pointed out that the monthly production capacity of this wafer fab in India is expected to be 40,000 pieces. The initial goal is to produce chips with 65nm process technology, which will be upgraded to 40nm in the future, mainly for automotive and military industries.
After the groundbreaking of ISMC Digital’s wafer fab, it will take about four to five years to put it into operation.
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