which has been in the pipeline for over two years. Even with the current time-line, the facilities are expected to produce production only by 2017.

Under the current proposals, Jaypee has tied up with IBM and Tower Jazz and has proposed a facility in Greater Noida with an investment of Rs 26,300 crore, while HSMC has partnered ST Microelectronics and Silterra and has planned its unit at Prantij near Gandhinagar in Gujarat with an investment of Rs 25,250 crore.

Both Jaypee and HSMC declined to comment.

The second official quoted above said infrastructure such as Jaypee and GMR have evinced interest in the fab projects as these firms have land, special economic zones and might be looking for good developmental projects.

BUZZING CIRCUIT



DEALS SO FAR



Jaiprakash Associates along with IBM and Tower JazzInvestment:Osoyoos, British Columbia. The Eliza Jane in New Orleans is expected to join the portfolio, when it opens this spring. In addition, The Unbound Collection by Hyatt properties include The Driskill in Austin, Texas, Royal Palms Resort & Spa in Phoenix, The Confidante in Miami Beach, Hotel du Louvre in Paris, and Carmelo Resort & Spa in Uruguay.