India will get chip industry, says Tower CEO

October 04, 2017 // By Peter Clarke
India will get chip industry, says Tower CEO
India, which has been trying for several years without success to get a wafer fab built in the country, will get a chip industry eventually, according to Russell Ellwanger, CEO of specialty foundry Tower Semiconductor Ltd.

Ellwanger said that although a previous consortium in which Tower (Migdal Haemek, Israel) was a partner, had collapsed, India was still a possible location for chip manufacturing.

In an interview with eeNews Europe Ellwanger did not disclose whether Tower is still involved in any particular projects in India, although the company has recently acknowledged a project in China. The company announced it was involved in a scheme with Tacoma Technology Ltd. to bring up a 200mm wafer fab in Nanjing China (see Tower confirms Chinese fab project). There is the possibility of a follow on fab designed to run 300mm wafers.

"There can be slowness in any country with legislators and bureaucrats, but is India off the table? Absolutely not! At some point, there will be a semiconductor industry in India. Prime Minister Modi is an amazing person. We always have irons in the fire and India is a big value proposition for us," Ellwanger was quoted saying in the interview (see CEO interview: Specialty foundry Tower gains momentum).

Next: Tower linked to Mumbai money

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