India's first large-scale chip factory foundation IBM shares pending

Nano-Tech Silicon India Pvt. Ltd. before the date of commencement ceremony held. This will be the first large semiconductor manufacturing plant in India, built in southern Hyderabad (Hyderabad) (). The plant plans to produce low cost logic chips for consumer electronics, with a Korean background. Samsung Engineering provides engineering design and supervision.

The project seems to have changed his name, previously rumored name is India Semiconductor Manufacturing Co. Ltd. The India chip manufacturing project is currently estimated to cost around $12 billion over the next 15-17 years, possibly including a range of fabs.

First manufacturing plant is estimated to cost about $600 million, but is currently in talks with potential partners, may cause Nano-Tech Silicon up to 20% stake sale to a partner.

Prior to the India Business Standard reported that IBM and the wafer factory signed an agreement to acquire the latter 24% of the shares of $150 million. IBM will also provide process technology to ISMC. However, South Korea's founder P. June Min doubt whether the IBM will stake in the wafer plant and act as a technical partner. He said that this is only the possibility of 50%".

Is expected to Nano-Tech Silicon will meet the needs of India on the standard of IC products, and development for low cost chip group DVD player, mobile phone and TV and other products and solutions.