Dec. 7, 2022 /SemiMedia/ -- According to reports, ISMC Digital's $3 billion wafer fab in Karnataka, India, may break ground in a few months.

ISMC is a joint venture between Next Orbit Ventures, an investment company in the United Arab Emirates, and Tower Semiconductor in Israel. In addition, Tower Semiconductor has been acquired by Intel for $5.4 billion in early 2022.

The report pointed out that the monthly production capacity of this wafer fab in India is expected to be 40,000 pieces. The initial goal is to produce chips with 65nm process technology, which will be upgraded to 40nm in the future, mainly for automotive and military industries.

After the groundbreaking of ISMC Digital's wafer fab, it will take about four to five years to put it into operation.