Global semiconductor giant Texas Instruments (TI) has shelved plans to set up a $1 billion microchip assembly unit in India.
TI blamed the "immaturity of Indian semiconductor industry and the prevailing US sanctions" for the decision.
Srini Rajam, TI India managing director, confirmed the company had discussed setting up a plant, but has decided to ?put off the idea". He said the company reconsider once industry standards have been improved, he added.
TI is keen to establish another plant following the opening of a $2.4 billion centre in Kilby. Locations is China were also considered.
The Kilby centre claims to be one of the most advanced silicon research facility housing some of TI?s key research and development activities.
The company is committed to spending around $5 million in the next three years, mainly in digital signal processing (DSP) research which takes place at its Bangalore facility. The rest of the fund would go to analogue and Asic technology.
Some $20 million has already been invested in India by TI in various segments of the semiconductor industry. It has also set up an independent technology park in the outskirts of Bangalore. Early this year, TI launched the first DSP, called Ankoor, designed entirely in India.
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