India's Chip Shot
By Snigdha Sen

(Business 2.0) - India is moving up the outsourcing food chain. Formerly content to focus on coding and customer support, the country is about to get into semiconductor manufacturing, once the domain of technically advanced nations such as Germany and the United States.

Founded by a team of semiconductor-industry veterans of Indian descent, Silicon Valley startup SemIndia plans to build a $3 billion wafer-fabrication facility in southern India by 2008. It's licensing manufacturing technology from U.S. chipmaker AMD (Research), which plans to buy SemIndia's chips and sell them in India, where AMD predicts semiconductor demand will cross the $10 billion mark by 2015. Says SemIndia CEO Vinod K. Agarwal, "This is a chance for India to take advantage of its own consumption." Top of page

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.