The Indian government made a call for expressions of interest (EoI) in chip manufacturing in India at the beginning of 2021. The Ministry of Electronics and IT reportedly received applications from 20 top companies after it floated the EoI to gauge the interest of companies willing to set up semiconductor plants in the country.
Tower Semiconductor is a technology partner in a consortium floated by Abu Dhabi-based Next Orbit Ventures, which pitched to build a $3 billion analog 65nm wafer fab in Dholera, in Gujarat, the report states.
Tower was linked to Next Orbit Ventures back in 2017 when there was a plan to finance three wafer fabs in India. One focused on digital, one on analog and the third on solar cell production (see VC wants to reboot Indian wafer fab plans).
Now Tower has fired off a letter to Indian prime minister Narendra Modi seeking his intervention because of a lack of activity, according to an Economic Times report. The company reportedly wrote to say that any further delay from the government's side means that it will be unable to stay active in the project.
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