chip assembly unit

The IT ministry’s queries to the HCL-Foxconn proposal marks a repeat of an earlier plan submitted by Foxconn, in which it had proposed to build a chip manufacturing facility with Vedanta.India’s HCL Group and Taiwan’s Foxconn Group’s proposal to jointly build a chip assembly unit in the country is not very satisfactory, according to the government, which has asked both companies to submit more details about the project, said people in know of the developments.The…

Nearly five months after breaking ground, Kaynes SemiCon is shelving its plans to set up a chip assembly unit in Telangana and is instead moving it to Gujarat, officials aware of the development told ET.The outsourced semiconductor assembly and testing (OSAT) unit will now come up with an investment of Rs 5,000 crore (including Rs 1,000 crore working capital) at Sanand, Gujarat, where American chip maker Micron and Murugappa group’s CG Power are also putting up chip assembly, test, marking, and packaging (ATMP) units, the…