The Economic Times is carrying a story confirming reports of Intel's plans to set up a microchip manufacturing plant in Chennai.
The Chennai plant is expected to act as a manufacturing base to meet the growing demand in the south Asian market. The company already has a plant in Malaysia. Intel has identified 50 to 70 acres of land close to the site allotted to Tata Consultancy Services (TCS) at the Siruseri IT Park, promoted by the state-owned State Industries Promotion Corporation of Tamil Nadu (Sipcot), on the IT highway.
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