Two full-blown multi-billion dollar semiconductor plants going to come up in India: MoS IT

Two full-fledged semiconductor fabrication plants are going to come up in India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said.

In an interview with PTI, the minister confirmed that the two projects include a USD 8 billion proposal submitted by Israel-based Tower Semiconductors and the other from Tata Group.

“I am happy to share this with you and you are probably the first one I’m sharing this with. In the near term, two full-blown fabs are going to come up in India.