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Nono-Tech abandons India fab plan

Posted: 24 Jan 2008     Print Version  Bookmark and Share

Keywords:first India fab  photovoltaic module  India Fab City 

Nano-Tech Silicon India Pvt. Ltd's plan to build India's first semiconductor fab has reportedly been scrapped, according to The Economic Times.

India's supposed first major chip fab will instead be used to manufacture photovoltaic modules and cells.

According to the report, South Korean promoter June Min has invested Rs.2,368.70 crore ($600 million) in the chip project and has also signed an agreement with the regional government of Andhra Pradesh. Ground was broken for the facility in June 2005 at Shamshabad in southern India, where the proposed Fab City is planned.

The report said Nano-Tech executives could not find a technology partner for the fab facility and failed to raise the capital needed to launch it.

Samsung Engineering was expected to supervise construction of the facility. June Min also indicated that IBM could be a possible technology and financial partner for the facility. Intel executives had met with the regional government and were said to be interested in acquiring equity in the project, but eventually passed on the plan.

Nano-Tech had planned to develop standard IC products and chipsets for digital video disk players, wireless handsets and colour TVs, among other products.

Abandonment of the project would be another blow for Indian efforts to launch a domestic chip industry. Observers had been skeptical about the proposal, noting that Nano-Tech would have trouble finding a technology partner and funding.

- K.C. Krishnadas
EE Times




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