Monday, November 10, 2008

RELIANCE LOOKS ABROAD FOR SEMICONDUCTOR UNIT

C Chitti Pantulu, Bangalore
DNA

Mukesh Ambani’s Reliance Industries (RIL) is understood to be evaluating at least four overseas locations for setting up two plants for semiconductor fabrication and manufacturing solar grade wafers and polysilicon.

The company had earlier proposed to set up the plants in India at a cost of Rs 30,000 crore and had accordingly made a proposal to the government.

The company has appointed international consultant PricewaterhouseCoopers to carry out a location study for the project, according to sources familiar with the development.

Semiconductor fabrication is the process used to create chips, the integrated circuits that are present in everyday electrical and electronic devices.

It is a multiple-step sequence of photographic and chemical processing steps during which electronic circuits are gradually created on a wafer made of pure semiconducting material.

Asked to confirm the development, a senior Reliance Industries official, who did not wished to be named, said the company was keeping its options open on locating the ambitious project either in India or abroad

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