New Delhi, July 1 -- Tata Semiconductor and Israel's Tower Semiconductor have been shortlisted from among nearly a dozen companies for a substantial portion of the total Rs.4,000-crore project to revamp state-run chip research and manufacturing facility Semi-Conductor Laboratory (SCL) in Mohali, according to two government officials aware of the development and documents seen by Mint.

Having qualified in the technical bid, which evaluated their capability and expertise to deliver the project as per technical requirements, the two contenders will now move on to the financial bid stage where a winner will be picked.

The project, for which Tata Semiconductor and Tower are in the race, includes identifying the upgrades needed to improve the...