Israel’s Tower Semiconductor ties up with Adani group for $10 billion chip project in India

NEW DELHI : Israel’s Tower Semiconductor and Adani Group will invest 839.47 billion rupees ($10.01 billion) for a semiconductor project in India’s western state of Maharashtra, its chief minister said in a post on X on Thursday.
Two new electric vehicle manufacturing units will also be set up in the state, with Skoda-Volkswagen investing 150 billion rupees while Toyota-Kirloskar will dole out 212.73 billion-rupee for its plant.
($1=83.9020 Indian rupees)