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Intel India: No semiconductor fab plans, focus on AI
The Business Guardian
|February 12, 2024
Computer chip maker Intel, has no plans to set up a semiconductor plant or any type of manufacturing unit in the country at present, said the company’s India business head, Santhosh Viswanathan on Friday.
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Viswanathan, Vice President and Managing Director of Intel, India Region, said that the company continues to engage in India›s electronic manufacturing sector, as the country has the potential to create a balanced supply-chain that the world needs.
At this point in time, we don›t have any plans to go back and do a fab or go back, building any manufacturing capacity in India. It doesn›t mean that the engagement will stop.What matters is, how we can rebuild the infrastructure and set it up for years ahead,» he told reporters in an online interaction.
Viswanathan said that Intel has had its design centre in India, for more than three decades and has invested over $9 billion in the facility.
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