• search

YSR to lay foundation stone for FabCity Project Jun 7

Written by: Staff

Hyderabad, Jun 6 (UNI) Andhra Pradesh Chief Minister Y S Rajasekhara Reddy will lay the foundation stone for the prestigous multi-billiion dollar Fab City Project to be set up at Tukkuguda, near the new international airport, here tomorrow.

Union Minister for Communications and Information Technology Dayanidhi Maran will preside.

The state government and SemiIndia had signed a Memorandum of Understanding (MoU) on February 16 this year for setting up the project.

SemIndia's advanced semi-conductor plant, forming part of the Fab City Project, will alone cost three billion USD.

In November last, SemIndia entered into a broad-based agreement with Advanced Micro Devices(AMD), the world's second largest manufacturer of processors, for several partnership initiatives, including marketing and sales.

SemIndia President and Chief Executive Officer (CEO) Vinod K Agarwal thanked the Chief Minister for his commitment to the project and said the company looked forward to continued support from the government to make the facility a global hub for semi-conductor and electronics manfacturing.

UNI BR GM 1731

For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more