Reliance to foray into semi-conductors business

Mukesh Ambani's Reliance Industries is all set to chip into the semi-conductor market in India and to that end, two proposals have been sent to the IT department.

In all, Reliance wants to invest about Rs 30,000 crores over the next 10 years

Hyderabad, Mysore, Haryana and Navi Mumbai are the likely centres for setting up semi-conductor wafer fabrication facility units. Reliance is considering setting up a photovoltaic facility in Jamnagar, as well.

It is open to acquiring facilities in Taiwan or Korea and is in talks with Infineon, TI and Qualcomm for a tie-up.

When contacted by sources, Reliance Industries said, "The group is currently evaluating an investment in an integrated semi-conductor facility. Group will make necessary announcements when the plans are final."