Intel on Wednesday said India lost out on a multibillion-dollar chip plant because the government dragged its heels on introducing an investment policy on semiconductors.
“The Indian government was a bit slow in coming out with its semiconductor manufacturing proposal and missed the window of our period of time that we had to commit our next tranches of manufacturing capacity. That is a fact. That is the story,” Chairman Craig Barrett said in New Delhi.
In November, Intel (nasdaq: INTC - news - people ) had said it was waiting for the government to introduce its semiconductor policy before it committed to manufacturing in India. In March, the Santa Clara, Calif.-based company said it would build a $2.5 billion, 300mm wafer fabrication plant in China instead. Last November, Intel committed $1 billion to build a chip assembly and testing plant in southern Vietnam.