CHENNAI: The delay in appointing a chief executive for the Indian the Indian Semiconductor Mission (ISM) is having a ripple effect in processing applications for the IT ministry’s $10 billion incentive programme to jump-start the semiconductor ecosystem, people aware of the discussions between top executives of Israeli tech company Tower Semiconductor and ministry officials said on Monday.
On an India visit, Tower Semiconductor CEO Russell C Ellwanger met Minister of State for Electronics and IT Rajeev Chandrasekhar on Monday, besides holding discussions with other officials in the ministry.Tower, which has finalized an industrial cluster off Mysuru as its location, wants to get speedy approval for the central incentives for its application as part of a consortium ISMC Analog, in which Dubai-based NextOrbit Ventures is a participant.
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