CosmicTaco

Adani's $10 Billion Chip Plant to Boost India's Tech Ambitions

CosmicTaco · 2024-09-07T01:19:34.512682+05:30

- The Adani Group, led by billionaire Gautam Adani, plans to build a $10 billion semiconductor plant near Mumbai with Israel's Tower Semiconductor Ltd. - The facility, located in Taloja, will be constructed over three to five years and aims to produce 40,000 wafers initially, scaling up to 80,000. - This move aligns with Indian Prime Minister Narendra Modi's vision to make India a tech superpower and reduce reliance on imports. - The chips produced will be used in drones, cars, smartphones, and other mobility solutions. - Adani joins Tata Group in bolstering India's semiconductor industry, which has seen significant investments and government support. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-09-06/adani-plans-10-billion-india-chip-plant-with-israel-s-tower)

The Adani Group, led by billionaire Gautam Adani, plans to build a $10 billion semiconductor plant near Mumbai with Israel's Tower Semiconductor Ltd.
The facility, located in Taloja, will be constructed over three to five years and aims to produce 40,000 wafers initially, scaling up to 80,000.
This move aligns with Indian Prime Minister Narendra Modi's vision to make India a tech superpower and reduce reliance on imports.
The chips produced will be used in drones, cars, smartphones, and other mobility solutions.
Adani joins Tata Group in bolstering India's semiconductor industry, which has seen significant investments and government support.

Source: Bloomberg