December 2, 2005 – Public-private partnership SemIndia and Indian state government have announced plans to spend roughly $3 billion to build the first semiconductor manufacturing plant in India, licensing x86 microprocessor and logic technology from AMD, which also will work to jointly develop and market semiconductor products for the regional market and may also take a stake in the venture, according to various news reports.

The site, to include wafer fabrication as well a assembly-test-mark-pack operations, will be funded by a mix of backers, including VC, debt financing, and strategic partnerships, as well as state government support.