Israel's Tower will have a 10-15% stake in venture: Next Orbit's Ajay Jalan

'Tower is fully committed to support the venture from the detailed project report stage and tech transfer to project execution', said Jalan

International semiconductor consortium ISMC, led by Next Orbit Ventures with Israel’s Tower Semiconductor as JV partner, signed a Rs 22,900-crore ($3 billion) memorandum of understanding on Sunday to set up a chip-making plant on 150 acres of land in Mysuru’s Kochanahalli Industrial Area. The proposed 65-nanometre (nm) analog semiconductor fabrication (fab) unit is expected to employ 1,500 people directly over seven years. It is one of the three projects to have applied for incentives under India’s Semiconductor Mission. ISMC Director and Next Orbit Founder and Managing Partner AJAY JALAN in conversation with Surajeet Das Gupta elaborates on the funding and