Published on Mon, Apr 02, 2007 at 08:25 | Source : Moneycontrol.com
Updated at Mon, Apr 02, 2007 at 08:44
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Intel inside India in the sixties!
After Intel recently announced its intention to build a $2.5 billion semiconductor plant in China, doubts have been aired whether India has missed the chip bus.
After Intel recently announced its intention to build a $2.5 billion semiconductor plant in China, doubts have been aired whether India has missed the chip bus.
Mr Paul Otellini, Intel's president and chief executive officer has been cited in a March 26-dated story on http://news.xinhuanet.com thus: that Intel chose Dalian (a port city in northeast China's Liaoning Province) over a dozen other sites, including cities in Israel and India, because China is Intel's fastest growing market and the cost of production is lower; and that infrastructure, education, adequate power, water and logistics in Dalian were all factors in securing the deal.
One also learns, "It took Intel and the Dalian government three years of negotiations before the deal was sealed."
No tears are being shed in India, because two days after Intel took its chip factory to China, we had Infineon Technologies and Hindustan Semiconductor Manufacturing Corporation announce a $4.5 billion investment to manufacture chips in India.
Mr Paul Otellini, Intel's president and chief executive officer has been cited in a March 26-dated story on 
