Analog Semiconductor Fabrication Tender

Scope To Set up 65nm Analog Semiconductor Fabrication Plant in KarnatakaIndias ambition to have a semiconductor fab has moved a little closer to fruition. International semiconductor consortium ISMC Analog Fab signed an MoU with the Karnataka government to invest 3 billion Rs 22900 crore on a 65nm analog semiconductor fabrication plant.ISMC is a joint venture between Abu Dhabi-based NextOrbit Ventures and Tower Semiconductor. Tower is an Israeli semiconductor firm that Intel announced it plans to acquire.The ISMC project is expected to generate more than 1500 direct and 10000 indirect employment opportunities. The company is looking to acquire 150 acres in Mysurus Kochanahalli industrial area to set up the plant.The plant can be built in around four years after breaking ground which will first require the government to approve the incentives it has promised under the India Semiconductor Mission a 10 billion Rs 76000 crore scheme for semiconductor companies. Access to water power talent high quality of living and a customised incentive package were some of the reasons why the company chose Mysore as the final location.According to the government the Indian semiconductor market was worth 15 billion in 2020 and is estimated to reach 63 billion by 2026. Prime Minister Narendra Modi said India will provide support for companies looking to invest in chip manufacturing.The demand for semiconductor chips saw a steep increase after Covid forced the world to rely on digital products and services to keep the cogs of the global economy moving.ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israels Tower Semiconductor. U.S. chip giant Intel CorpNext Orbit Ventures707 Omkar The Summit Business BayOff Andheri Kurla RoadNear WEH Metro Station Andheri EMumbai 400 069 IndiaTel 91 22 4924 2767 Email contactus@nextorbitventures.comWebsite httpsnextorbitventures.comIntel CorporationAddress 2200 Mission College BlvdSanta Clara CA 95054United StatesPhone 1 408-765-8080Website www.intel.comWebsite httpsnextorbitventures.com