Sop evaluations still on, Ministry tells semiconductor applicant

The government is still ‘evaluating’ applications seeking capital incentives to set up semiconductor fabrication units, it has told ISMC Analog, a consortium of Israeli technology company Tower Semiconductor and Gulf-based Next Orbit Ventures.

It was referring to the $10 billion semiconductor incentive plan announced in December 2021.

The government has also asked ISMC to “submit additional information” on the project plan, sources aware of the development told ET.