Tata, Israel's Tower emerge as top contenders for Rs 4,000 cr Mohali chip plant revamp: Report

The two firms were shortlisted for the chip research and manufacturing facility out of a pool of nearly a dozen companies, the report said.

Tata Semiconductor and Israel’s Tower Semiconductor have emerged as the top contenders for Rs 4,000-crore revamp project to upgrade and improve the facilities at the state-run Semiconductor Laboratory (SCL) in Mohali, a report by Mint said on July 1.

The two firms were shortlisted for the chip research and manufacturing facility out of a pool of nearly a dozen companies, the report said.

The two companies qualified in the technical bid, which reviews the company’s expertise, and will now move on to the next stage of financial bids that will eventually decide the winner, the paper said.

Moneycontrol could not independently the verify the report.

The winner of the project will be tasked with upgrading the unit’s 180 nm fabrication line along with integrating advanced equipment to boost production, the newspaper said.

The revamp project also includes replacing old machines and commissioning and testing of newer ones, it said.