British multinational semiconductor and software design company, ARM Holdings Plc, has opened its second design center in India at Noida, to increase its presence in the northern region of the country. The company already has a design center at Bangalore.
ARM is a provider of physical IP components for the design and manufacture of integrated circuits, including systems-on-chip. ARM-based technology is in use in 95% of smartphones, 80% of digital cameras, and 35% of all electronic devices worldwide.
“The (Noida) center will focus on IP design in specialised areas such as bulk and FinFET CMOS technologies and address the growing needs of ARM partners,” Cambridge-headquartered company said in a release. “With the opening of the Noida Design Center, highly skilled electronics engineers based in North India will have the unique opportunity to work at ARM and support its leading Physical IP Division. This division is focused on creating the building blocks for translation of a circuit design into actual silicon.”
The Noida facility will complement the company's existing capabilities at Bangalore, the release said.
Last month, the Cabinet gave 'in-principle approval' to subsidise the two proposed fab consortiums in the country. While one consortium comprises India's Jaiprakash Associates, International Business Machines and Israel's Tower Jazz, the second comprises HSMC, STMicroelectronics and Silterra. The investments in the first fabrication unit are to the tune of Rs 26,300 crore, while the second unit entails Rs 25,250 crore worth of investment.
The government has agreed to subsidise these two projects to the extent of 40%. While 60% of the subsidies will be covered under the existing Modified Special Incentives Package Scheme, which gives 25% subsidy on capital investment along with other benefits, the government will also give an interest-free loan equivalent of 11% stake in the project. Also, capital investment in the fabs will be offset against the profits to ensure tax breaks.
Last month, the Cabinet gave 'in-principle approval' to subsidise the two proposed fab consortiums in the country. While one consortium comprises India's Jaiprakash Associates, International Business Machines and Israel's Tower Jazz, the second comprises HSMC, STMicroelectronics and Silterra. The investments in the first fabrication unit are to the tune of Rs 26,300 crore, while the second unit entails Rs 25,250 crore worth of investment.
The government has agreed to subsidise these two projects to the extent of 40%. While 60% of the subsidies will be covered under the existing Modified Special Incentives Package Scheme, which gives 25% subsidy on capital investment along with other benefits, the government will also give an interest-free loan equivalent of 11% stake in the project. Also, capital investment in the fabs will be offset against the profits to ensure tax breaks.
