State of MP, Cricket Semiconductor and IESA to come up with specialty fab
India Electronics & Semiconductor Association (IESA) has disclosed details of their key role in enabling the Memorandum of Understanding (MoU) between Cricket Semiconductor and the Government of Madhya Pradesh for an analog fab proposed to be set up in the state. They provided a strategic roadmap to the company for locating the proposed unit in the country. The industry body is also helping Madhya Pradesh for their investment promotion initiatives. The proposed investment is expected to be Rs.6,000 crore (US$1 billion) to set up an analog wafer fab in the country. The creation of this fab ecosystem coupled with the products and systems value chain is expected to create close-to 450,000 new jobs, making a potential future economic impact of $40 billion, over its project life span and reduce electronics import burden for the nation. Madhya Pradesh recently approved the “Analog Semiconductor Fabrication [FAB] Investment Policy” that provides for free government land, reim...