- Published on January 25, 2024
- In AI Features
Indian States Vie with Each Other to Win Semiconductor Deal
State governments are luring semiconductor companies by offering subsidised electricity and water, crucial resources for operating a fabrication unit.
- By Pritam Bordoloi
Electronics manufacturing company Kaynes Technology was set to invest INR3,750 crore to build an outsourced assembly and testing (OSAT) facility in Mysuru, Karnataka, creating 3,200 jobs. However, within a few months, Kaynes shifted location to Telangana and will build the OSAT facility at a relatively lower cost of INR 2800 crore.
The Karnataka government was bombarded with criticism for letting Kaynes slip away from its hands to a neighbouring state. At the same time, the Telangana government was praised for convincing the homegrown electronics manufacturers to shift base.
This incident underscores the fact that Indian states are currently engaged in a competition to draw leading semiconductor companies to their respective regions. Setting up a fabrication unit brings numerous econ
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Pritam Bordoloi
I have a keen interest in creative writing and artificial intelligence. As a journalist, I deep dive into the world of technology and analyse how it’s restructuring business models and reshaping society.
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