NXP Semiconductors willing to set up fab facility in India
NEW DELHI : NXP Semiconductors, founded as a division of Royal Philips NV, is open to setting up a fabrication unit in India, subject to the development of a suitable ecosystem in the country, said Hitesh Garg, vice-president and India country manager. “If there is an ecosystem developed here, we will support the ecosystem. We will make sure that we are doing the manufacturing of our chips which are possible to be done here in India," Garg said, reiterating views expressed by NXP chief executive officer Kurt Sievers, who was in India earlier this year and met Prime Minister Narendra Modi.
Sievers told The Economic Times that the company had already started discussions with its partners, such as Taiwan Semiconductor Manufacturing Co. and GlobalFoundries, for considering India as a viable option to set up a base. On its own, the $13 billion NXP has six front-end wafer fabrication facilities, of which four are in the US—two in Austin, Texas and two in Chandler, Arizona—and the other two are in the Netherlands and Singapore.
It also owns assembly and testing sites in China, Taiwan, Thailand and Malaysia. India is encouraging global chipmakers to set up fabrication manufacturing, and testing and packaging units in the country, for which it has set aside a $10 billion financial incentive pool. The Centre’s Semicon India programme offers an up to 50% subsidy on initial investments for companies establishing chip or display fabs in the country.
States have offered an additional 25% subsidy on investments, in addition to subsidized land, power and other facilities, all aimed at attracting global as well as large local conglomerates interested in the space to set up shop. US-based Micron Technology Inc. is the first to have opted
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