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HSMC gears up for fab project

NRI tech entrepreneurs' promoted company plans to manufacture chips targeting the high volume segment

Around the time the Centre had kicked off its maiden fab city project in 2006, a group of Silicon Valley-based Indian expatriates started Hindustan Semiconductor Manufacturing Company (HSMC), keen not to miss out on the opportunity. Backed by years of experience in semiconductor design, prototyping and product validation, the company, headed by Devendra Verma, proposed starting a fabrication unit in India, in partnership with chip-maker Infineon. However, just before its discussions with the government took a concrete shape, things changed — companies that had claimed to be serious ...