Intel to begin manufacturing in India
The world's largest chip maker Intel Corp., is waiting for India to form its semiconductor policy before deciding on plans to begin manufacturing in the country, company officials said on Friday.
"We are eagerly awaiting the publication of the final set of regulations, and then we will take a decision," Intel Chairman Craig Barrett told reporters during a trip to New Delhi.
India's government is expected to come out soon with guidelines to develop a microchip industry, including tax incentives.
The company first confirmed in December last year its talks with the government about building a chip-making factory.
Rival chip-maker Advanced Micro Devices Inc. said last November it planned to invest in the SemIndia consortium to build a chip-making factory in India.
- Fed: Manufacturing activity down
- Indian markets swing wildly
- Report: Manufacturing had good September
- India's economy may eclipse U.K., U.S.
- Dutch investors vote Indian tycoon Lakshmi Mittal top for 2006
- Foreign direct investment in India doubles during 2006
- India may open segments of retail sector to foreign investment
- Indian stock markets continue nosedive
- Indian-Brazilian bidding war for steelmaker Corus
- Anglo-Dutch Corus accepts revised bid from India's Tata Steel
- Asia, US helps Mercedes Benz sales hit record high in 2006
- Cricova: The Largest Underground Wine Cellar in the World
- Dutch bear profit rises 26 percent
- Foreign direct investment in India doubles during 2006
- What does Remortgage mean?
- Toyota in talks to build new China plant
- Sarah Larson's dirty past
- Oil extends to $68
- DaimlerChrysler is not planning to manufacture trucks in India