Israel’s Tower Semiconductor, Adani Group invest $10B in Indian microchip project

Tower Semiconductor of Israel and the Indian Adani Group conglomerate are set to invest 839.47 billion rupees ($10 billion) in a semiconductor project in Western Maharashtra, as announced by Chief Minister Eknath Shinde. Shinde has approved a total of four major projects worth 1.17 trillion rupees ($14 billion) focusing on semiconductor and electric vehicle manufacturing in Marathwada, Panvel, Pune, and Vidarbha, which are expected to generate 29,000 jobs.

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