November 6, 2006 – Intel is content to hold back on any expansion plans into India until the country can finalize its domestic semiconductor policies, according to chairman Craig Barrett, quoted by Reuters. Intel already spends more than $1 billion in India for R&D and design, as wel as various startup activities.
“We are eagerly awaiting the publication of the final set of regulations, and then we will take a decision,” Barrett told reporters during a trip to New Delhi.
Intel has been in talks with the Indian government for nearly a year about building a chipmaking facility in India. Rival AMD also is in talks to develop domestic chip production capabilities, with reported ties to the SemIndia consortium project.