Israel's Tower Semiconductor and Adani's $10 Billion Chip Project in India
Israel’s Tower Semiconductor and India’s Adani Group are set to invest 839.47 billion rupees ($10 billion) in a semiconductor manufacturing project in Maharashtra. The initiative highlights India’s push to become a global hub for chip production, despite previous challenges such as Foxconn’s withdrawal from a $19.5 billion joint venture with Vedanta and stalled plans by ISMC to invest $3 billion.
India anticipates its semiconductor market will reach $63 billion by 2026, signaling significant growth and opportunities in the sector.
The semiconductor plant in Maharashtra will initially produce 40,000 wafers. The project is part of a broader investment strategy in the state, which also includes the establishment of two new electric vehicle manufacturing units. Skoda-Volkswagen will invest 150 billion rupees in an electric vehicle plant, while Toyota-Kirloskar will allocate 212.73 billion rupees for hybrid and electric vehicle production.
The projects approved on Thursday are expected to generate 29,000 jobs, marking a substantial boost to the local economy.
Kalesar National Park is a peaceful and green place filled with forests, wild animals and…
India has a rich history of medicine and healing. During the British rule, becoming a…
India became a free and independent country in 1947, and later in 1950, it became…
Rongali Bihu, also known as Bohag Bihu, is being celebrated across Assam in mid-April 2025,…
After India got independence in 1947, the country needed strong leaders to help build a…
Akarsh Shroff, the founder of YuvaSpark, was conferred the National Youth Award on April 3,…
![](data:image/svg+xml;charset=utf-8,<svg height="300px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
