Reuters: Technology News: India says consortia including IBM propose to build chip foundries

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India says consortia including IBM propose to build chip foundries Sep 13th 2013, 12:33 NEW DELHI | Fri Sep 13, 2013 8:33am EDT NEW DELHI (Reuters) - Two consortia have proposed to build semiconductor wafer fabrication units in India, the Minister for Communication and Information Technology, Kapil Sibal, told reporters in New Delhi on Friday. One of the consortia comprises International Business Machines, India's Jaiprakash Associates and Israel's Tower Jazz. The second comprises Hindustan Semiconductor Manufacturing Company, STMicroelectronics and Silterra, Sibal said. The investments in the first fabrication unit total 263 billion rupees, while the second unit will have 252.5 billion rupees. (Reporting By Devidutta Tripathy in New Delhi, writing by Harichandan Arakali; Editing by Jijo Jacob)

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