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

Tower Semiconductor

06/09/2024 08:20

NEW DELHI, Sept 6 (Reuters) - Israel's Tower
Semiconductor  TSEM.TA  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)

 (Reporting by Sakshi Dayal and Tanvi Mehta; Editing by Clarence
Fernandez)
 ((Sakshi.Dayal@thomsonreuters.com;))