Published on Tue, Sep 04, 2007 at 08:44 | Source : Moneycontrol.com
Updated at Tue, Sep 04, 2007 at 09:03
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India manufacturing plans not now, says Intel
Intel Corporation has decided to set up its manufacturing plants in China and Vietnam following delays in India announcing its semiconductor policy, according to Mr Craig R. Barrett, Chairman of the Board, Intel Corporation.
Intel Corporation has decided to set up its manufacturing plants in China and Vietnam following delays in India announcing its semiconductor policy, according to Mr Craig R. Barrett, Chairman of the Board, Intel Corporation.
The company is a $35-billion world's largest chip maker.
"The Indian Government policy was not timely for us. The Government did not have a well documented plan when we began discussions with them," he told newspersons.
"There are no complaints on issues like infrastructure against India. Between the time we initiated discussions with India and the announcement of the semiconductor policy, Intel already firmed up its plans in Vietnam and China," he said.
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The company is a $35-billion world's largest chip maker.
