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Follow UsNEW DELHI: AMD has signed a memorandum of understanding (MoU) with SemIndia to bring semiconductor-manufacturing capabilities to India.
The agreement will cover manufacturing, technology licensing and business development to meet the growing demands for computers based on x86 microprocessor in India. The Ministry of IT, Government of India, has supported the partnership.
"We will remember this day as a historic milestone in India's economic and manufacturing process. We are proud that the AMD's industry leading microprocessors and manufacturing capabilities will enable SemIndia to develop its own innovative solutions and expand the global market," Chairman of the board, president and CEO of AMD, Hector Ruiz said.
AMD and SemIndia will jointly develop and market semicondutors for India.
Minister for Communications and IT, Dayanidhi Maran said that the partnership would bring about influential growth in the Indian market. He said that this is a historic milestone in India's economic and manufacturing progress.
Chairman of the Board SemIndia, Vinod K. Agarwal said that the SemIndia is working with the Government of India towards a public-private partnership. He said that they would manufacture advanced semiconductor chips for personal computers, cell phones, set-top boxes and broadband connectivity.
Stating on the growth in India he said that the in 2004 India had consumed $10billion consumer goods and the growth rate is at 24 per cent. "If this growth rate persists India will consume $160billion of consumer goods by 2010", Agarwal added.
Agarwal said that they are also planning to set up an advanced fabrication facility in India to meet domestic and global demands of consumer goods. The fab facility would be set up with support from the government of India.
“We have not yet finalized the location of setting up the fab, but is likely to be finalized within a couple of months. The entire fab project will require an investment of $ 3billion which will be completed through multiple phases,” Agarwal added.