ON APRIL 1ST diggers at large construction sites in two Indian states broke ground on a pair of semiconductor factories. The plant in Gujarat, which will cost $11bn, is to employ 20,000 people and produce 50,000 silicon wafers a month. At the $3bn facility in Assam, 27,000 workers will package chips into processing units.
The two projects are masterminded by Tata Group, India’s biggest conglomerate. In Gujarat it has teamed up with Powerchip Semiconductor Manufacturing Corporation of Taiwan. In Assam Tata is going it alone. It is all a giant bet that the Indian government’s dream of turning the country into a high-tech
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