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Intel Pulls Giant Investment From India

by Darren

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Intel grew wearing of waiting for the Indian government to setup guidelines that would allow them to build a plant there, and has decided to build plants in China and Vietnam instead.

Craig Barrett, Intel’s chairman, said: “The government has been a bit slow in coming out with a semiconductor policy and missed the window on Intel’s manufacturing facility for now. It did not have a well documented plan. The Indian programme for semiconductor manufacturing was not as timely and we had already made prior commitments elsewhere.”

Although Mr Barrett said that when Intel needs more capacity, India would still rate “high on the list of possible investments”.

The news is a blow to India’s credibility at a time when it is actively courting foreign investment in manufacturing, which the government hopes can mirror the success of the country’s flagship services sector

The move is seen as a blow to India’s credibility, although the semi-conductor business there is booming. Siemens, Texas Instruments, and Intel have all been waiting for the Indian government to set up guidelines, which would allow them to build more plants there.

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