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Reliance, HCL Enter Semiconductor Chip Manufacturing By Investing In Proposed ISMC Fab In Mysuru,Karnataka: Reports
Two Indian companies are set to pick up a combined stake of anywhere between 26 and 51% in the International Semiconductors Consortium (ISMC), one of the three players to have applied to the Modi government's incentive scheme for setting up a chip fabrication plant.

In May this year, ISMC, led by Next Orbit Ventures and Israel's Tower Semiconductor as a JV partner, inked a Rs 22,900-crore ($3 billion) agreement with the Karnataka government to set up a chip-manufacturing plant on 150 acres of land in Mysuru's Kochanahalli Industrial Area.
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