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Intel, 3DGS to Invest $3.3 Billion in Semiconductor Substrate Plant in India
Intel and 3DGS Inc. USA will invest approximately USD 3.3 billion to build a semiconductor substrate manufacturing facility in India's Odisha state, to be developed in the Bhubaneswar-Khurda region over five to six years, creating more than 1,800 direct high-skilled jobs. The announcement adds to over USD 30 billion in technology and semiconductor investments by global firms in India in recent years.
Sources1carried itB1 of 19 news outlets we monitor
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What happened
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Fri 29 MayThe Indian government announced that Intel and 3DGS Inc. USA will invest approximately USD 3.3 billion to establish a semiconductor substra…India's eastern state of Odishaon Fridayonly BylineU.S. semiconductor giant Intel and 3DGS Inc. USA will invest approximately USD 3.3 billion to establish a semiconductor substrate manufacturing facility in India's eastern state of Odisha, the Indian government announced on Friday.
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Figures in these reports
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USD 3.3 billionInvestment in semiconductor substrate plantBylineU.S. semiconductor giant Intel and 3DGS Inc. USA will invest approximately USD 3.3 billion to establish a semiconductor substrate manufacturing facility in India's eastern state of Odisha, the Indian government announced on Friday.
more than 1,800Direct high-skilled jobs createdBylineis expected to create more than 1,800 direct high-skilled jobs and strengthen India's growing semiconductor manufacturing ecosystem.
USD 2.75 billionMicron investment in assembly and testing facilityBylineMicron Technology is investing approximately USD 2.75 billion in a semiconductor assembly and testing facility in Gujarat
USD 3 billionMicrosoft cloud and AI investmentBylineMicrosoft has announced plans to invest around USD 3 billion in cloud and artificial intelligence infrastructure in India.
USD 12.7 billionAmazon cloud infrastructure commitmentBylineAmazon has committed approximately USD 12.7 billion towards expanding cloud infrastructure through Amazon Web Services
exceed USD 30 billionCumulative technology and semiconductor investments announcedBylinetechnology and semiconductor-related investments announced by major global companies in India over the past few years are estimated to exceed USD 30 billion