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Infineon to set up fab in India
By siliconindia
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Wednesday, 28 March 2007, 17:30 IST
NEW DELHI: German-semiconductor major Infineon Technologies AG is setting up a Fab in India. Infineon would be the first company to announce plans to set up a Fab, after the Semiconductor policy was officially notified late last week after much delay, reported a business daily.
However sources say that Dr Wolfgang Ziebart, President and Chief Executive Officer of Infineon, would meet Dayanidhi Maran, the Minister for Communications and IT, later on Wednesday and the announcement regarding the Fab was expected after this meeting, sources said.
Infineon is learnt to have tied-up with Hindustan Semiconductor Manufacturing Company (HSMC) as technology partner, a company floated by Indian American Devendra Verma, managing partner of the California-based investment company, Edgewood.
Sources said HSMC would set-up the fab at a total investment of $4.2 billion. The Fab would focus on four products: chipsets for mobile phones, direct to home TV set top boxes, automotive and smart cards. The first line, which would represent an investment of $1 billion, was scheduled to use 90-nm and 130-nm processes and 200-mm wafers. Infineon and HSMC would file their proposal to the Indian Government in the next four to five weeks for final approvals.