US-based semiconductor manufacturer AMD
is considering partnering India's first upcoming chip manufacturing plant in Gujarat, says a business daily.
AMD has partnered with Hindustan Semiconductor Manufacturing Corporation (HSMC) to help kick-start fabrication in India, reports the financial newspaper.
HSMC is leading a consortium of companies that include ST Microelectronics and Silterra Malaysia and have been given approval by the Centre to set up a chip manufacturing unit in Prantij near Gandhinagar.
The project is expected to cost more than INR 30,000 crore.
HSMC recently received its first seed investment of INR 700 crore for the project from Mumbai-based Next Orbit Ventures.
It has also bagged its first large customer even before it starts building the factory, reports the paper.