India semiconductor fab: LG, Samsung may be the next

Lately LG and Samsung showing some interest in building semiconductor IC fabs in India. LG and Samsung are leading makers of DRAM and flash memory semiconductor chips, which are going to be in huge demand in Indian electronics systems market as well as data-storage market. South Korea based LG and Samsung are leading sellers of mobile phones, consumer electronics, and consumer appliances in Indian market. These companies can strengthen their position in Indian market by investing in both design, manufacturing and sales. In automotive domain, South Korean major Hyundai is manufacturing its cars in India. Infrastructure for semiconductor fab in India is no more a big hurdle with availability of uninterrupted power and water. With the eco-system for electronics manufacturing building up faster, the Korean companies may be the losers, if they do not invest in chip fab facilities in India. Recently union Cabinet has approved two semiconductor wafer fabs proposed separately by two consortium of companies. Cabinet had given in-principal approval for these chip fab proposals in the month of Sept 2013. The total investment from these two fabs is around Rs 51,000 Crores. Read this below article I had earlier written on the market for India semiconductor fabs. At the recently held India Electronics and Semiconductor Association event, DR. M J Zarabi, an India semiconductor f...