• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Advertisement

Bangalore, Feb. 23 Quick on the heels of the Government announcing its new semiconductor policy on Thursday, an NRI venture capital company has announced its intention to invest $4 billion in staggered phases for manufacturing a silicon fabrication facility. HSMC, a company floated for the purpose by Mr Devendra Verma, Managing Partner of the California-based investment company, Edgewood.

HSMC plans to invest $1 billion in the first phase to produce chips for the mass market products like mobile phone, set-top boxes and smart cards.

This is perhaps the first company to venture into the chip making after the policy announcement.

Talking to media persons after attending an India Semiconductor Association workshop here on Friday, Mr Verma said HSMC would launch its venture in partnership with one of the leading chipmakers with a buy back arrangement to ensure initial volumes for growing the business. The partner would also be expected to transfer his technology.

The first fab unit would produce chips of 90 and 130 nanometre from a 200 mm wafer, largely in the mobile phones and smart cards.

More Stories on : Hardware

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
RAS security solution for TCS

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line