Reliance’s most risky gamble at FinGad.com

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Categorie: Emerging Markets
Submitted 6 months ago by

Vipinlara

Over the last 30 years, Reliance Industries has dreamt big, often putting gigantic sums into executing mammoth projects, always within punishing schedules. Now, it is showing that same derring-do in the chip-making business. And this time, it has also become slightly bolder. In India, Reliance is venturing where no other manufacturer, including global biggies like Intel, Advanced Micro Devices (AMD), Texas Instruments, Freescale and STMicroelectronics, were willing to tread—into semi-conductor fabrication. For one, this is a hugely capital-intensive industry that is both a power and water-guzzler, where even established biggies have pulled out citing inadequate infrastructure. Plus, inordinate delays in transporting these wafers to export markets, caused chiefly due to the delayed turnaround times at Indian ports, has also traditionally turned away semi-conductor makers. Therefore, what Reliance was doing was unprecedented. With well-established semi-conductor manufacturers in India’s neighbourhood, including in China, Taiwan and Singapore, which have traditionally supported fabrication units with a plethora of incentives, gl... More...

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3 comments ↓

#1 | Lovephileo @ 5 months ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 413 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: For now, Reliance will be buying extra Saudi oil amidst $135 super price, good to Saudi because initially it is struggling to find willing buyers , it's just that the company will be helping India by selling the same with 80% discount. What a good mission!
#2 | Lovephileo @ 5 months ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 413 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: For now, Reliance will be buying extra Saudi oil amidst $135 super price, good to Saudi because initially it is struggling to find willing buyers , it's just that the company will be helping India by selling the same with 80% discount. What a good mission!
#3 | Lovephileo @ 5 months ago WEB CONSULTANT / PASTOR at LIGHT OF THE WORLD CHRISTIAN CENTER User Rank : 413 Portfoilo Balance: $1,110,169.00 Comment Rating: 0 Flag Comment Spam | Miscategorized | Prohibited: For now, Reliance will be buying extra Saudi oil amidst $135 super price, good to Saudi because initially it is struggling to find willing buyers , it's just that the company will be helping India by selling the same with 80% discount. What a good mission!

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