09-Jan-08
Chip makers line up $600 mn for assembly units
India’s efforts to become a chip manufacturing hub may still be restricted to plans and blueprints but the country is attracting significant investments directed at setting up facilities to assemble, test, mark and package chips, with companies such as SPEL Semiconductor Ltd, SemIndia Inc., and Tessolve Inc. looking to invest $600 million (Rs2,358 crore) over the next three years in such so-called ATMP facilities.
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