Try GOLD - Free
Adani plans to invest ₹83,947 crore in chip project with Israel's Tower
Millennium Post Delhi
|September 07 , 2024
The govt has been pushing for setting up semicon- ductor units in the country to cut reliance on import
-
The Adani Group plans to invest Rs 83,947 crore ($10 billion) with Israeli partner Tower Semiconductor in setting up a chip manufacturing plant in Maharashtra, the state chief minister said try to cut reliance on imports.
India's semiconductor market is expected to be worth $63 billion by 2026.
The chips manufactured at the upcoming facility of Adani will be used in drones, cars, smartphones and other mobility solutions. Tower has The conglomerate led by bil-chip-making factories in Israel, lionaire Gautam Adani has busi- Italy and the US. Its sales are, nesses ranging from seaports however, a fraction of industry to airports, renewable energy, giants Intel and Taiwan Semigas, commodities, data centres conductor Manufacturing Co and media, and this will be its maiden foray into semiconductor manufacturing.
This story is from the September 07 , 2024 edition of Millennium Post Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Millennium Post Delhi
Millennium Post Delhi
Magisterial probe begins into 'hostagetaker' Rohit Arya's death
An independent magisterial inquiry has been initiated into the death of social entrepreneur Rohit Arya, who was shot during the police operation while rescuing 17 children and two adults held captive by him at a recording studio in Mumbai on October 30.
1 min
New Delhi 04November2025
Millennium Post Delhi
Voting on Tuesday as campaign silence follows fiery final debate
Campaigning ended on the early hours of Monday for the JNU Students’ Union elections, paving the way for voting on Tuesday, in what is expected to be a closely contested poll between the Left Unity and the Akhil Bharatiya Vidyarthi Parishad (ABVP).
2 mins
New Delhi 04November2025
Millennium Post Delhi
Umar Khalid's counsel concludes arguments
The counsel for former JNU student Umar Khalid on Monday concluded his arguments opposing the framing of charges against his client in the alleged larger conspiracy behind the 2020 Delhi riots.
1 min
New Delhi 04November2025
Millennium Post Delhi
Trump says Pak, China, Russia and North Korea testing nuclear weapons
Announces plans to resume US nuclear testing
1 mins
New Delhi 04November2025
Millennium Post Delhi
500+ vehicles below BS-IV standards denied entry into Capital
More than 500 vehicles below BS-IV norms were turned back from Delhi’s borders after the ban on the entry of commercial goods vehicles compliant with BS-III or lower emission standards came into force in the national capital.
1 min
New Delhi 04November2025
Millennium Post Delhi
UPI transactions hit record high of Rs 27.28L cr during October
Fuelled by festive buying, the transaction through the popular Unified Payments Interface (UPI) touched a record high of Rs 27.28 lakh crore and 20.7 billion in value and volume terms, respectively, in October, according to data released by the National Payments Corporation of India (NPCI).
1 mins
New Delhi 04November2025
Millennium Post Delhi
IMD rules out harsh winter in northwest India this month
The India Meteorological Department (IMD) has said that northwest India is unlikely to face an unusually severe winter this month, with conditions expected to remain largely consistent with previous years.
2 mins
New Delhi 04November2025
Millennium Post Delhi
RANGEELO RAJASTHAN Celebrating Rajasthan's royal kitchens & rustic traditions
Crowne Plaza New Delhi Mayur Vihar Noida, in collaboration with Holiday Inn Jaipur City Centre, is set to present 'Rangeelo Rajasthan: Thaat, Maat aur Rasoi, a 10-day celebration of Rajasthan's royal kitchens and rustic traditions.
2 mins
New Delhi 04November2025
Millennium Post Delhi
'Only 9 of 37 AQI monitors worked on Diwali'; SC seeks report on pollution
DELHI'S AIR QUALITY REMAINS 'VERY POOR'
2 mins
New Delhi 04November2025
Millennium Post Delhi
Sanjay Garg takes charge as Director General of BIS
Sanjay Garg has assumed charge as Director General of the Bureau of Indian Standards (BIS) with effect from November 1.
1 min
New Delhi 04November2025
Listen
Translate
Change font size