Modern semiconductor facility opens

Tuesday, 16 November 2004, 08:00 Hrs
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HYDERABAD: A modern facility for manufacturing semiconductor chips will come up at a hardware technology park near here, Chief Minister Y.S. Rajasekhara Reddy said Monday.

South Korean-owned India Semiconductor Manufacturing Company would set up the facility, known as FAB foundry, at an outlay of $600 million, Reddy told reporters.

Speaking on the sidelines of the opening of Microsoft Corp's India campus here, he said his government was keen to bring in semi-conductor manufacturing and set up more FAB foundries in the state.

The chief minister said his government, which has completed six months in office, accorded as much priority to the IT industry as to the agriculture sector.

He said the government was encouraging the IT sector by providing quality power, roads, logistics support and other infrastructure.

The government, he claimed, had created congenial atmosphere for developing the IT industry.

Moreover, the government proposed to provide broadband connectivity to all the villages in the state in the next two to three years to provide medical care, education and marketing facilities to the rural people.

Source: IANS
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