Finally, the Government of India has approved the establishment of a semiconductor wafer fab (fab) in India!
This is indeed heart warming news, especially for the Indian semiconductor and electronics industries. For years, India has been trying to get at least one fab up and running! Now, the dream is about to be realized!
Speaking from China, an ecstatic BV Naidu, chairman and managing director, Sagitaur Ventures, co-chairman, Karnataka ICT Grioup and former president, India Semiconductor Association (ISA) said: “This is really a fantastic news for the Indian semiconductor industry. The government has been trying to achieve this since 2008. The announcement goes as a strong signal to global community.”
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