Semiconductor sops plan held up by mission CEO selection delay

The delay in appointing a chief executive for the Indian Semiconductor Mission (ISM) is having a ripple effect in processing applications for the IT ministry’s $10 billion incentive programme to jump-start the semiconductor ecosystem, people aware of the discussions between top executives of Israeli tech company Tower Semiconductor and ministry officials said on Monday.

On an India visit, Tower Semiconductor CEO Russell C Ellwanger met Minister of State for Electronics and IT Rajeev Chandrasekhar on Monday, besides holding discussions with other officials in the ministry.