IBM has entered into an agreement with Korea-based Intellect Inc to take part in the $600-million semiconductor fab manufacturing unit (phase 1) proposed to be set up in Hyderabad.
According to reliable sources, as per the understanding, which is essentially a technology collaboration, entered by June Min, chairman of Intellect Inc and promoter of the fab facility, IBM will have about 24 per cent equity in the project.
Sources said June Min is currently in talks with Tata group for investment in the infrastructure required for the project.
When contacted to know about the status of the project including details of the financial closure and the technology collaboration entered with IBM, June Min refused to share any information prior to the ground-breaking ceremony for the proposed project to be held on June 26, 2005.
The fab capacity would be 30,000 wafers per month and the mass production is expected to begin by July 2006.
It may be recalled that in December last....
read more here
(kindly move to news section)
According to reliable sources, as per the understanding, which is essentially a technology collaboration, entered by June Min, chairman of Intellect Inc and promoter of the fab facility, IBM will have about 24 per cent equity in the project.
Sources said June Min is currently in talks with Tata group for investment in the infrastructure required for the project.
When contacted to know about the status of the project including details of the financial closure and the technology collaboration entered with IBM, June Min refused to share any information prior to the ground-breaking ceremony for the proposed project to be held on June 26, 2005.
The fab capacity would be 30,000 wafers per month and the mass production is expected to begin by July 2006.
It may be recalled that in December last....
read more here
(kindly move to news section)