Japan's Sharp plans to set up $3-5 billion display fab semiconductor unit in India
Sharp is reportedly planning to invest $3-5 billion to set up a display fab semiconductor factory in India. The display fabs are used for making televisions and other digital screens.
According to a report in the Times of India, top officials from Sharp met communications minister Ashwini Vaishnaw this week in this regard.
Notably, Sharp is planning to set up a 1,000-acres facility in India which will be even bigger than its factory back home in Japan. Sharp want to use the Indian factory to cater to both domestic demand but exports.
“The company is scouting for land to create a large manufacturing set-up spread across 1,000 acres which will manufacture the latest-generation Series 10 displays. These are some of the most advanced display fab versions that the industry currently makes,” the TOI report claimed quoting a source.
Sharp is also talking to state govts in Telangana, Gujarat, and Maharashtra for the facility.
As per the report, the company has informed the Central government about its intention to establish the factory in India as a global manufacturing center. “Sharp officials said the proposed factory is not just for India but will also supply the display fabs across key global markets.”
The final approval, however, may take approximately ten months due to ongoing elections. After the polls, a new administration will assess the active proposals. Additionally, the government is examining the semiconductor incentive scheme and the methods for rewarding new entrants.
Before Sharp, Israel's chipmaker
