30/4/2025, 5:41:02 pm

Adani Group pauses talks with Israel's Tower

Gautam Adani's group has paused discussions with Tower Semiconductor for a $10 billion chip project due to strategic and commercial concerns. The planned Maharashtra facility would produce 80,000 wafers monthly and create 5,000 jobs, supporting Modi's chipmaking hub goal. Adani's reassessment, citing local demand uncertainty and financial terms, may hinder India's semiconductor progress.