India getting new fabs

This is one news that will have profound effect in the rapid development of India's economy. Companies like AMD and SemIndia are going to setup the fab in the Andhra Pradesh. Already India's economy is booming and if there is one thing which could derail the process is not having a semiconductor foundry to compliment its R&D facilities. The growth in Cell Phone industry has aptly demonstrated that the traditional economist are always wrong. The current subscriber base stands at 150 million and it more than population of any but seven countries in the world. This will benefit the whole world as price of manufacturing in India could bring down further the prices of silicon manufacturing but could provide a much needed thrust to the overall economy of India and its neighboring countries.