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Adani Halts $10B Chip Deal with Tower

  • Gautam Adani's conglomerate has paused talks on a $10 billion semiconductor project with Tower Semiconductor.
  • An internal review found the venture lacks current strategic and commercial viability.
  • Adani Group's proposed plant in Maharashtra aimed to bolster India as a global chip hub.
  • Sources suggest financial disagreements with Tower over investment levels.
  • The pause comes amid India's growing semiconductor industry and increased investor interest.

Source: Inc42

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