Being from this industry this announcement gives me a headache. Fabrication and packaging are very different parts of the value chain. You wouldn’t even be able to buy half a lithography machine for 500 crores lol or put up a decent economies of scale packaging or ATMP (as its called) facility.
The entire semiconductor hype in India is unfounded IMO – we are 5-10 years away from doing anything even on leading edge nodes right now. Investors should pay a close attention to the value chain, technology node and product segments RIR Power is catering to – you will find that its mostly commodity (look at their website). The only project that is worth anything is the Tata Micron ATMP JV and the proposed Foxconn STMicro JV for 40nm Fabrication. If you buy RIR power – buy it not for Semi but maybe an EMS play?
| Subscribe To Our Free Newsletter |
