Bengaluru: Taking a huge stride in its mission to emerge a front runner in semiconductor and IT hardware sector in the country, Karnataka signed an MoU with Israel-based ISMC Analog Fab Private Limited for setting up a Semiconductor Fab plant in the State with an investment of Rs. 22,900 crore (3 Billion dollars) in the presence of Chief Minister Basavaraj Bommai.
The company is set to fully implement the project over a period of next 7 years with employment potential for 1500 persons. Additional Chief Secretary in the department of IT, BT Dr. EV Ramana Reddy on part of Karnataka and Director of ISMC Ajay Jalan signed the MoU.
