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AMD plans $500 mn investment in SemIndia SEZ

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Press Trust of India New Delhi
 Besides equity, the US chip giant would also provide technology to SemIndia for the manufacturing facility.

Sources said the SEZ scheme has been a big draw among technology companies, with some of the biggest names in the industry either already announcing plans or planning ventures.

Nearly $2-3 billion are expected to flow into these IT SEZs by December 2007, they said.

Flextronics, a contract manufacturer, will also invest $100 million for a 250-acre SEZ at Sriperembudur in Tamil Nadu. Finnish telecom handset major Nokia has already started production at its SEZ in Tamil Nadu, where it will pump in a total of $100 million.

US telecom major Motorola and the world's largest computer maker Dell also have plans to invest $100 million each in SEZs in the country. Online search engine Google has lined up an expenditure of $500 million for an SEZ, while Accenture will spend $ 200 million.

  

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First Published: Aug 28 2006 | 4:12 PM IST

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