World's largest chip manufacturer, Intel Corporation on Tuesday said it awaits detailed guidelines of the semiconductor policy before deciding on setting up a manufacturing facility in India.

"After the Cabinet approval, the government has notified the policy but we are waiting for the detailed policy guidelines before announcing any decision," Intel South Asia managing director Ramamurthy Sivakumar told PTI.

The government in mid-March notified the semi-conductor policy with an expectation to attract Rs 24,000 crore (Rs 240 billion) of investment in the next three years.

Intel, which is currently running a development centre in Bangalore, has been in constant dialogue with the Indian government for setting up a manufacturing base, most likely an assembly test manufacturing plant, commonly known as a wafer packaging plant.

Intel has fifteen 12-inch wafer fabrication plants in the US, Ireland and Israel and there are seven ATM plants in the world with the latest announced in Vietnam last year.

"We have been in discussion with various countries and last year we announced to set up an ATM plant in Vietnam," Sivakumar said.

It recently also announced a fabrication unit with an investment of $ 2.5 billion in China, where it has been operating an ATM plant for the last five to six years taking its investment there to $4 billion.

Depending on the size, an ATM plan could incur an expenditure in the range of $400 million to over $1 billion.

New Semiconductor Policy from Mar 2007