Indian IT group plans to build new memory foundry
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News that a new memory foundry might be built is India is a big deal. The estimated cost is a tad over one billion-dollars! India is expected to be a huge market for eletronics devices over the next decade, and it looks like companies are now getting ready for their piece of the pie.
BANGALORE, India ? A semiconductor foundry to make memory chips for mobile handsets and consumer electronics products is set to be built in Kochi, in Kerala state in south India, in 2008, according to the chairman of the locally-based Nest Group, who referred to help from an unnamed Japanese company.
The billion-dollar foundry is scheduled to be built after the establishment of a chip design center and a test facility.
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