'LG, Samsung mull setting up semiconductor units in India'.

South Korean multinational conglomerates Samsung and LG are considering setting up units to manufacture electronic chips in India, following the government's clearance to build two such semiconductor units.

Republic of Korea's Ambassador to India Joon-gyu Lee at a recent event said the Indian government wants to get companies like Samsung and LG, which manufacture semiconductors, to start this operation.

No comments were received from the companies. Recently, the Cabinet approved setting up of two semiconductor units entailing total investments of Rs. 63,410 crore. One unit would be set up by a consortium led by Jaiprakash Associates and the other by Hindustan Semiconductor Manufacturing Corporation (HSMC).

ET