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TowerJazz group to build chip fab in India

Posted: 26 Jun 2013     Print Version  Bookmark and Share

Keywords:TowerJazz  IBM  Jaypee Associates  consortium  chip fab 

In February this year, Frost & Sullivan, in an exclusive interview with EE Times India, revealed that a consortium comprising Israeli chipmaker TowerJazz, IBM, and Jaypee Associates has been shortlisted for setting up the first chip fab in India.

Now, a fresh report claims that the consortium has won a tender to build a semiconductor plant in India.

According to Calcalist financial news website, TowerJazz, which will provide know how, consulting and support services, will have revenue of Rs.1,630.43 crore ($300 million) over six years from the project. It will not have any expenses and therefore will have a profit of 90 per cent of the revenue.

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The group also includes IBM and Indian infrastructure company Jaypee, which will fund the project.

TowerJazz will also be able to use part of the facility for its own products, enabling it to expand in India.

A market source told Reuters that Union Minister Kapil Sibal was in Israel last week and met TowerJazz Chief Executive Russell Ellwanger.

ST not aware of the development

The government was in talks with two consortiums to set up chip fabrication units in the country. One was Tower Jazz, IBM, and Jaypee consortium; and the other was by Geneva–based chipmaker STMicroelectronics and Hindustan Semiconductor Manufacturing Corp. (HSMC).

Suprisingly, ST is not aware of TowerJazz winning the India chip fab tender.

However, the report seems to be true, but the official announcement is yet to be made by the government.





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