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Showing posts from November, 2006

postponed... :-(

http://www.indianexpress.com/story/15323.html Chennai, October 24: Semindia Fab is postponing its proposed $3 billion investment to set up India's first chip manufacturing plant as it was unable to agree with the government on financial support to the unit's shareholding. Instead, it will set up a smaller facility for assembly, testing, manufacturing and packaging of memory chips (ATMC) next year, and review investment plans once a more favourable policy is announced by the Centre.