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Podcast: One Thing Today in Tech
Episode: ISMC to invest $3 bln for chip plant in India; Amazon cuts back paid Covid-19 leave in the US; Rise Capital enters India
Description: ISMC, a semiconductor consortium, will invest Rs. 22,900 crore ($3 billion) in India's southern state of Karnataka to set up a chip-making plant, the state government said in a statement on Sunday. The plant is to come up on a 150-acre plot on the outskirts of the royal city of Mysuru, about three hours by car south of Bengaluru.
ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel's Tower Semiconductor, which may soon be acquired by US chip giant Intel.
This plant, India’s first semiconductor fabrication unit — a 65nm analogue semiconductor foundry — is exp...