The electronics industry in India, which spends some $7 billion a year on buying semiconductors from abroad, could benefit from having domestic semiconductor production, and the government of India is pressing forward with plans to develop wafer fabrication facilities. IBM and STMicroelectronics are among the chipmakers participating in two consortia that propose to build a pair of fabs costing $8 billion. "India needs not less than 15 fabs," Kapil Sibal, the government's minister of communications and information technology, said Friday.

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