Israel’s Tower Semiconductors has submitted a proposal to the Indian government to build an $8 billion chip making facility in India, government sources said on Wednesday, February 14.
The company has submitted the proposal seeking to participate in a government subsidy scheme for investors building domestic semiconductor making facilities.
Tower Semiconductor has proposed making 65 nanometer and 40 nanometer chips in India.
Tower Semiconductor is an Israel-based leading foundry of high-value analogue semiconductor solutions. It specialises in manufacturing analogue integrated circuits for more than 300 customers worldwide.