Tower Semiconductor has approached the Indian government with a proposal to establish a chipmaking facility worth $8 billion in the country, according to a report by the national daily Indian Express. The semiconductor company is aiming to produce 65 nanometre and 40 nanometre chips within India and is seeking governmental incentives to support its venture. Efforts to reach both Tower Semiconductor and India's IT ministry for comments were not immediately successful.
The move is part of a broader initiative to bolster chip manufacturing in India, a sector that Prime Minister Narendra Modi has prioritized in his business strategy. However, the government's initial offer of $10 billion in incentives to stimulate the industry has faced challenges, with several proposals either stalling or being withdrawn.
Tower Semiconductor Ltd. operates as an independent semiconductor foundry focused primarily on specialty process technologies. The Company focuses on producing integrated circuits (ICs) based on the design specifications of its customers. The Company manufactures semiconductors for its customers primarily based on third-party designs. It offers process manufacture geometries of 0.35, 0.50, 0.55, 0.60, 0.80-micron and above on 150 millimeter wafers, 0.35, 0.18. 0.16, 0.13 and 0.11-micron on 200 millimeter wafers, and 65 nanometer and 45 nanometer on 300 millimeter wafers. It also provides design support and technical services. The Company's ICs are incorporated into a range of products in markets, including consumer electronics, personal computers, communications, automotive, industrial and medical device products. The Company has manufacturing facilities in the United States, Israel and Japan.
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