ISMC Semiconductors Manufacturing Facility, Kochanahalli Industrial Area

Keya Desai Jul 06, 2022 0

ISMC Semiconductors Manufacturing Facility is an upcoming electronic chip manufacturing facility in the Kochanahalli Industrial Area of Mysuru. The Karnataka State Industrial and Infrastructure Development Corporation Limited (KSIIDC) has proposed an electronic chip manufacturing unit in Mysore, Karnataka. At present, the project is in the final stage of the proposal phase. In the latter half of 2022, construction will begin. We expect it to take three years to construct each structure, with a completion date of 2025.

ISMC Semiconductors Manufacturing Facility – Key Project Specifications

The international semiconductor consortium ISMC, led by Next Orbit Ventures and Israel’s Tower Semiconductor as joint venture partners, signed a Rs 22,900-crore agreement with the Karnataka government to set up a chip manufacturing plant in Mysuru’s Kochanahalli Industrial Area. Kochanahalli is where the Electronics Manufacturing Cluster is going to be built by the Karnataka government. It is in proximity to the Mysuru airport. The semiconductor plant will help generate 1,500 high-tech and high-quality jobs and at least 10,000 ancillary jobs. The proposed plant will contribute significantly to the district’s industrialisation.

Project NameISMC Semiconductors Manufacturing Facility, Kochanahalli Industrial Area
Name of the DeveloperKarnataka State Industrial and Infrastructure Development Corporation Limited (KSIIDC)
Name of the OwnerISMC Analog Fab Private Limited
LocationMysore, Karnataka 
Building UseManufacturing Unit
Year of Commencement 2022
Year of Completion2025
Plot Area (in acres)150 acres 
Construction Area Range (in sq. ft)5,00,000 to 10,00,000 sq. ft.
Total Project CostINR 22,900 crores

ABOUT THE COMPANIES

Next Orbit Ventures

Next Orbit Ventures is a multi-asset fund manager investing in the debt and equity of growing companies to create long-term sustainable value for them. It also helps generate superior returns for the investors. Founded in 2012, they pioneered a partnership-based approach to private equity investing. They partnered closely with management teams to offer the insights that challenge conventional thinking, build substantial businesses and improve operations. Over time, they have organically expanded this approach to asset classes to build one of the strongest alternative asset platforms. 

The teams strive to create value through venture capital, private equity, public equity, and debt investment across multiple sectors, industries, and geographies. This has empowered the company to deliver an enduring impact to a diverse group of investors, including corporate and individuals.

Karnataka State Industrial and Infrastructure Development Corporation Limited (KSIIDC)

Established in the year 1964, the Karnataka State Industrial and Infrastructure Development Corporation Limited (KSIIDC), earlier known as Karnataka State Industrial Investment and Development Corporation, as a wholly owned undertaking of the Government of Karnataka. KSIIDC is currently involved in the recovery of the pending loan portfolios and major infrastructure projects taken up on a Public-Private Partnership (PPP) basis like the Development of Seaports at Tadadi, International Convention Centre (ICC) and Bangalore Signature Business Park (BSBP) (DBP) near Kempegowda International Airport (KIA). In addition, KSIIDC has entered joint ventures with IL&FS for providing consultancy and advisory services; and with GAIL for the City Gas Distribution (CGD) project.

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Disclaimer: The information contained herein have been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is only for illustration purposes and does not in any way represent the project. If you wish the article to be removed or edited, please send an email to editor@biltrax.com

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