Press Release Summary = The 3.5Billion Semiconductor Manufacturing Facility (Fabcity) promoted by SemIndia at Hyderabad is in the process of taking off to the construction stage, consequent to arrangement with Stuttgart based M+W Zander for design of ATMP facility.
Press Release Body = M+W Zander head quartered in Stuttgart, will design and build the ATMP plant of Fabcity promoted by SemIndia, Hyderabad. Zander has built Semiconductor Foundries for AMD, CSM, Siemens and Siltronic. Its a world leader in aspects of high-tech construction and production focused on clean room technology for the electronic, solar, pharmaceutical, chemical, biotechnological and food-processing industries.
Recently, the Govt. of India had notified an investor friendly Semiconductor Policy which provides for with fiscal and operational incentives for setting up chip manufacturing units in India. Several Foundries are expected to be set up in India with combined investment of $12 to 15 Billion. Since the incentives will be provided only to the first 2 or 3 Companies, promoters are working hard to put financial structure in place. SemIndia's Fabcity with land allocation on Srisailam Highway near the New International Airport at Hyderabad is the clear front runner. Fabcity also has also received SEZ (Special Economic Zone) Status for the core area of 120 Hectares. SemIndia has technology tie up with AMD. It has roped in IMEC, Belgium as R&D partner.
Hindustan Semiconductor Manufacturing Corporation (HSMC) has roped in Infineon Technologies, Germany as its technology partner for the proposed $4Billion Foundry. Its in the process of finalizing location for the Project.
Exclusive Ventures has been monitoring the progress of the Fabcity project from initial stages. "The commencement of construction at the Fabcity, will rewrite the fortunes of the sleepy neighborhood. The 10Km stretch of road along the Srisailam Highway will have several Special Economic Zones in the IT area. Apart from Fabcity and Gems Park which are already notified, IT projects by Indu Tech, Stargaze, JT Holding and Brahmani are expected to be notified as Special Economic Zones shortly. Proposals for SEZs by INFOSYS, TCS, WIPRO, EBC, HAMCO, COGNIZANT etc. are at various stages of approval process. This would make, the location very unique and prominent with largest number of operational SEZs in India!" Said Mr. Pramod Kiron, CEO of Exclusive Ventures.
The entry of M+W Zander in design and construction is expected to heat up the race for the projects to seek approval, under the Semi Conductor Policy.
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