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Semiconductor Manufacturing: Reliance Industries is now preparing to foray into the field of semiconductor manufacturing as well. Reliance Industries and IT giant HCL Tech (HCL Technologies) are preparing to buy about 30-30 percent stake in ISMC Analog, the company that applied for the semiconductor water fab. According to media reports, Reliance Industries and Shiv Nadar’s HCL Tech may invest Rs 4000 crore to buy stake.
ISMC Analog is a consortium of Mumbai-based Next Orbit Ventures and Israeli tech company Tower Semiconductor. ISMC Analog is also among the three companies that have applied for subsidy under the Central Government’s Rs 76000 crore Semiconductor Manufacturing Program. The company is going to develop an electronics cluster in Mysore, Karnataka at a cost of $3 billion. It is believed that the company will initially produce 40,000 woofers every month. The 65 nanometer analog chip will be manufactured in the plant, which will later be reduced to 45 nanometers. In the second phase, the company will make a chip of size 22 nanometers.
Next Orbit has applied to the government to change its shareholding structure. In which it has been informed that two Indian companies will have more than 26 percent but less than 51 percent stake. At the same time, Tower Semiconductor, which is the technology part, will have 10 to 15 percent stake. The stake in the rest of the company will remain with Next Orbit. ISMC Analog declined to name any investor who bought the stake.
If the deal is completed, after Vedanta, Reliance Industries and HCL Tech will be among the big companies that can enter the field of semiconductor manufacturing. Vedanta is going to invest $ 20 billion in collaboration with Foxconn to make semiconductors in Gujarat.
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