ISMC Said to Invest $3 Billion in India to Set Up Chip-Making Plant
International semiconductor consortium ISMC will invest $3 billion (roughly Rs. 22,940 crore) in India’s southern Karnataka state to set up a chip-making plant, the state government said on Sunday. ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel’s Tower Semiconductor. US chip giant Intel has announced plans to acquire Tower. India’s … Read more