Chiranjoy Sen, Bangalore, October 30, 2008
The Economic Times
The SemIndia Group aims to start making chip modules for low-cost cellphones at its Hyderabad facility from April 2009, but ambitious plans for a semiconductor fabrication unit have been put on hold, the head of SemIndia’s electronics products arm said.
The modules will made at the ATMP (assembly, testing, marking and packing) facility for its Singapore-based partner Jurong Technologies, MD Bob Kondamoori said. Kondamoori is the managing partner of venture capital firm SandalWood Partners, which is an investor in SemIndia.
“While the fab side of the organisation is on the back burner because of the worldwide slowdown, it’s the systems side of the company that had got us excited. And we are forging ahead in this division,” Kondamoori said.
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