CosmicTaco

Adani Group Halts $10 Billion Chip Deal

CosmicTaco · 2025-05-04T11:17:48.193015+05:30

- Adani Group pauses its $10 billion semiconductor venture with Israel's Tower Semiconductor due to strategic and commercial viability concerns. - Maharashtra's cabinet had approved the ambitious project last year, aiming to boost India's chip manufacturing capacity significantly. - The decision to pause stems from internal evaluations and demand-related concerns within India. - Discussions revealed dissatisfaction with Tower Semiconductor's financial commitment, leading to the halt. - The pause comes amidst a growing Indian semiconductor market, projected to hit $150 billion by 2030. Source: [Inc42](https://inc42.com/buzz/adani-group-pauses-talks-on-10-bn-chip-deal-with-tower-semiconductor/)

Adani Group pauses its $10 billion semiconductor venture with Israel's Tower Semiconductor due to strategic and commercial viability concerns.
Maharashtra's cabinet had approved the ambitious project last year, aiming to boost India's chip manufacturing capacity significantly.
The decision to pause stems from internal evaluations and demand-related concerns within India.
Discussions revealed dissatisfaction with Tower Semiconductor's financial commitment, leading to the halt.
The pause comes amidst a growing Indian semiconductor market, projected to hit $150 billion by 2030.

Source: Inc42