hopes fading ?
http://www.eetimes.com/news/semi/showArticle.jhtml?articleID=206900281 SemIndia's $3 billion fab project is likely to die a premature death as will another fab planned by India Electronics Manufacturing Corp. (IEMC). In addition, Korean investor June Min's plan to set up India's first fab in Hyderabad has been abandoned in favor of making photovoltaic products. India had made major strides in the last year, announcing a chip manufacturing policy. The incentive policy was intended to help launch state-of-the-art fabs here over the next few years. But the high expectations here for a domestic chip industry have faded as financial realities reemerge. Both SemIndia's fab, which would use technology from Advanced Micro Devices (AMD), and IEMC's fab appear to be dead in the water. ............... Despite the uncertainty, SemIndia's Systems unit is emerging as the company's flagship, and its manufacturing capability has bolstered the company's financial perfo