Team Blitz India
NEW DELHI: South Korean chipmaker SK Hynix is evaluating India’s semiconductor manufacturing incentive scheme and is in touch with the Centre to explore the prospects of setting up a packaging facility in the country, according to sources. The company is in the final stages of preparing its proposal, it is learnt.
While Hynix primarily manufactures memory chips including computing memory, consumer and network memory, and graphics memory, it is considering India as an assembly and testing destination, similar to Micron, it is understood.
“SK Hynix has shown interest in our scheme, and is currently evaluating it to assess it from their business’s perspective. We believe they are in the final stages of submitting a proposal to set up a packaging plant, similar to that of Micron’s,” a senior Government official said, requesting anonymity.
This development follows Micron’s decision to set up a packaging facility in Gujarat at a total cost of $2.75 billion, of which 70 per cent will come in subsidies from the Central and state government, with the company expected to invest 825 million from its own pocket.
