Categories: Business

ismc: Reliance, HCL might enter Indian semiconductor race – exploring a stake in ISMC

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At the same time as Apple tries to diversify its provide chain to a broader array of distributors and geographies, it nonetheless depends on Foxconn to supply as a lot as two-thirds of its iPhones.

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ISMC Analog, a consortium of Mumbai-based Subsequent Orbit Ventures and Israeli tech firm Tower Semiconductor, is one amongst three candidates vying for subsidies below the Centre’s Rs 76,000-crore SemiconIndia programme. It has chosen an electronics cluster close to Mysuru in Karnataka, to construct its $3-billion fab.

Reliance Industries and software program main HCL are independently “evaluating” offers to buy a 30% fairness stake every within the semiconductor wafer fab applicant ISMC Analog, a number of individuals conscious of developments advised ET, signalling heightened curiosity in India’s formidable transfer to seed a semiconductor manufacturing ecosystem within the nation.

The oi-to-telecom conglomerate in addition to the Shiv Nadar-founded software program group HCL are prone to make investments

ETtech

Nov 08, 2022, 06:00 AM IST

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