Intel: No plans to build semiconductor chip manufacturing plant in India

Recently, it was reported that the Indian Minister of Roads and Transport said that Intel will build a semiconductor chip manufacturing plant in India. In this regard, according to the latest report from Reuters, Intel pointed out in a statement that the company currently has no plans to build a manufacturing plant in India.

It is reported that at the end of last year, the Indian government announced a $10 billion incentive plan to provide incentives of up to 50% of the project cost to attract display and semiconductor manufacturers to set up bases in India. It was previously reported that India is negotiating with chipmakers Intel, GF and TSMC, hoping that they will build a local semiconductor factory in India. Israeli chipmaker Tower Semiconductor, acquired by Intel for $5.4 billion, is also in active discussions with the government to set up a manufacturing facility in India.