They have said that it is not commercially viable to set up this plant at present,” DeitY (department of electronics and IT) secretary Aruna Sharma told reporters on sidelines of a Qualcomm event.AMD CEO and president Lisa Su met Prasad and conveyed that the company is committed to transform India into electronics manufacturing hub.The plant was one of the two approved by the Cabinet in February 2014.The government is working to make India a big hub of electronics manufacturing and is giving providing various incentives to companies to set their shop here.

“AMD wants to come to India in a big way,” the minister said.“JP Associates has withdrawn its proposal of semiconductor plant.Telecom minister Ravi Shankar Prasad on Tuesday said that chip maker AMD is planning to enter Indian electronics sector in a big way even as Indian infra firm JP Associates has pulled out of a similar chip project..AMD has entered into an MoU with HSMC to explore various options for providing technology licence to manufacture micro processors in the semi aa flat rechargeable battery conductor fabs.

Demand for electronic products in India is expected to reach 0 billion by 2020 and local chip factory is crucial for manufacturing electronic products in the country. Mr Sharma said that other firm Hindustan Semiconductors is still working on the project. According to an official, Mr Su discussed matters related to semi-conductor policy and its fab proposal.Meanwhile, debt-laden JP Associates has withdrawn its proposal to set up a chip plant in partnership with IBM and Israel’s Tower Semiconductor