LONDON Xenitis Infotech Pte. Ltd., a maker of personal computers, wants to set up a chip manufacturing facility near Hyderabad, according to online reports out of India.
The budget is mentioned variously as 12 billion rupees (about $260 million) and 15 billion rupees (about $325 million). However, this is not enough to fund a leading-edge wafer fab, where integrated circuits are characterized. These typically require budgets of more than $1 billion. The sums of money could pay for a test, assembly and packaging facility.
Ambar Mukherji, Xenitis president and chief financial officer called on Andhra Pradesh Chief Minister Y S Rajasekhar Reddy on Thursday (June 29) and discussed chip making plans, according to reports.
Xenitis (Kolkata, India) makes 1000 personal computers a day, according to reports.
Xenitis' ambitions to extend into the component domain first surface earlier in June, where it was revealed that the Indian government was expected to contribute 30 percent of construction costs while a regional government will add about 10 percent through the contribution of about 300 acres of land.