I guess everyone was under the impression that only one fab would be set up in India but it sure came as a surprise that two were getting the in-principle approval. Not too sure of all the fine print -will keep you guys posted oncce the weekend is over - but with IBM and STMicro involved, things cannot go too wrong.
Sometimes, incredible things happen in India - like say the mobile revolution - the way people who cannot read a word of English land up downloading regional movies ( the language is sometimes the regional one but still to get a hang of the technology is still something I am amazed at.
And, like someone said, Nokia did a great job of setting up a greenfield project but then you got to keep in mind that it was labour intensive one at that. They were able to get set it up in the then-rural area and were able to get cheap labour ( young girls who were paid quite well for an 8-hour shift) but fab is a different story.. and yes, red tape is also an issue as well as power and water... but then, many things in India are an issue. So, its nothing new.
I guess, this time round, the consortia should have learnt not to make the mistakes that were made earlier and d\ work on this to get it operational on a war footing.
Will keep you posted about operations and capacity and the size as soon as I get it.
Yesterday veteran analyst Bill McClean said the semi sector is effectively closed to new entrants given the investments to get in and stay in at this point
I understand India's import balance issue. I would say these fabs don't have much chance of success were it not for partners like IBM and STM
I wonder what are their stakes and interests in the project? What are the process node targets?
This is very good news for India. Now how fast can this fab can start giving output? Next important milestone will be getting output from this fab and eventually see them making profit. Hope it should not make burden/liability to Indian tax payers.
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