Oddbean new post about login | logout Israel's Tower Semiconductor and Adani Group will invest 839.47 billion rupees ($10 billion) for a semiconductor project in India's western state of Maharashtra, its chief minister said in a post on X on Thursday. https://image.nostr.build/00129bd70c58805d724da2f732b7743e7ae17964484fed46c4584891a6576687.jpg India has taken steps to encourage global companies to set up their manufacturing units in the country, with Prime Minister Narendra Modi aiming to make the country a chipmaker for the world despite initial setbacks.
The investment will be divided into two phases: the first phase will involve 587.63 billion rupees (around $7 billion), while the second phase will account for 251.84 billion rupees (approximately $3 billion). The facility is expected to produce chips that will be utilized in various applications, including drones, automobiles, smartphones, and other mobility solutions. Tower Semiconductor specializes in analog chips, which are crucial for automotive and medical applications.
jsns
