Karnataka closes Rs 22k cr deal to set up semiconductor plant
Technology

Karnataka closes Rs 22k cr deal to set up semiconductor plant

International Semiconductor Consortium (ISMC), led by Next Orbit Ventures and Tower Semiconductor as joint venture (JV) partners, signed a Rs 22,900 crore agreement with the Karnataka government to set up a chip-manufacturing plant on 150 acres of land in Kochanahalli Industrial Area in Mysuru.

The state government is installing an Electronics Manufacturing Cluster at Kochanahalli. The semiconductor plant is expected to generate 1,500 high-tech and employment and at least 10,000 ancillary jobs. The plant will significantly boost the industrialisation of the district.

ISMC Director and Next Orbit Founder and Managing Partner Ajay Jalan said that the consortium selected Karnataka for setting up the factory due to water availability, stable power, access to talent, quality of life for talented engineers, and incentive package offered by the state.

Initially, ISMC was planning to set up the plant at Dholera Investment Region in Gujarat, but the state may have lost out due to water. Gujarat also lacks formidable electronic manufacturing and design ecosystem like Karnataka.

Semiconductor manufacturing is water-intensive, which is built in layers on silicon wafers into integrated circuits. After each dozen layers of semiconductors, the silicon wafer is added, which must be rinsed with a massive quantity of water. A great deal of this water is Ultra Pure Water (UPW), which is much purer than drinking water.

Karnataka Rajya Raitha Sangha state president Badagalapura Nagendra told the media that industries in the Mysuru district will harm the environment and that semiconductor manufacturing units require a lot of water. He highlighted that water would be diverted from agriculture to industry.

However, business and industry groups have said that 40% of the water used is recycled.

Chip behemoth Intel reduced its water consumption by over 40% from previous levels due to arid conditions at the site location.

Taiwan Semiconductor Manufacturing Company (TSMC) has undertaken several water conservation efforts, with advances in wastewater treatment at semiconductor plants, resulting in water recycling from 40-70%.

Image Source

Also read: Semiconductor manufacturing to install within 2-3 years: IT minister

International Semiconductor Consortium (ISMC), led by Next Orbit Ventures and Tower Semiconductor as joint venture (JV) partners, signed a Rs 22,900 crore agreement with the Karnataka government to set up a chip-manufacturing plant on 150 acres of land in Kochanahalli Industrial Area in Mysuru. The state government is installing an Electronics Manufacturing Cluster at Kochanahalli. The semiconductor plant is expected to generate 1,500 high-tech and employment and at least 10,000 ancillary jobs. The plant will significantly boost the industrialisation of the district. ISMC Director and Next Orbit Founder and Managing Partner Ajay Jalan said that the consortium selected Karnataka for setting up the factory due to water availability, stable power, access to talent, quality of life for talented engineers, and incentive package offered by the state. Initially, ISMC was planning to set up the plant at Dholera Investment Region in Gujarat, but the state may have lost out due to water. Gujarat also lacks formidable electronic manufacturing and design ecosystem like Karnataka. Semiconductor manufacturing is water-intensive, which is built in layers on silicon wafers into integrated circuits. After each dozen layers of semiconductors, the silicon wafer is added, which must be rinsed with a massive quantity of water. A great deal of this water is Ultra Pure Water (UPW), which is much purer than drinking water. Karnataka Rajya Raitha Sangha state president Badagalapura Nagendra told the media that industries in the Mysuru district will harm the environment and that semiconductor manufacturing units require a lot of water. He highlighted that water would be diverted from agriculture to industry. However, business and industry groups have said that 40% of the water used is recycled. Chip behemoth Intel reduced its water consumption by over 40% from previous levels due to arid conditions at the site location. Taiwan Semiconductor Manufacturing Company (TSMC) has undertaken several water conservation efforts, with advances in wastewater treatment at semiconductor plants, resulting in water recycling from 40-70%. Image Source Also read: Semiconductor manufacturing to install within 2-3 years: IT minister

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000