# ISMC to invest $3 billion in chip-making plant in Karnataka, India

International Semiconductor Consortium (ISMC), a joint venture between Next Orbit Ventures and Tower Semiconductor, will invest $3 billion to set up a semiconductor fabrication unit in Karnataka, India. The plant is expected to generate over 1,500 direct jobs.

- Type: New facility
- Announced: 2022-05-02
- Where: Karnataka, India
- Value: $3.00B
- Jobs: 1,500
- Status: announced
- Products: semiconductor chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [ISMC](https://endata.com/companies/62630.md)
- [Tower Semiconductor](https://endata.com/companies/16113.md) (partner)
- [Next Orbit Ventures](https://endata.com/companies/62631.md) (partner)

## Sources

- [brecorder.com](https://www.brecorder.com/news/40170616), 2022-05-02: "International semiconductor consortium ISMC will invest $3 billion in India’s southern Karnataka state to set up a chip-making plant"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.