CosmicTaco
CosmicTaco

Adani Group Halts $10 Billion Chip Venture

  • Adani Group pauses $10 billion semiconductor deal with Tower Semiconductor.
  • Internal evaluation revealed project lacks strategic and commercial viability.
  • Maharashtra cabinet had approved semiconductor plant proposal last year.
  • Decision driven by demand-related concerns, particularly in India.
  • Gautam Adani-led conglomerate reassessing investment priorities.

Source: Inc42

Post image
2mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
+322 new users this month
No comments yet

You're early. There are no comments yet.

Be the first to comment.

Discover more
Curated from across
Personal Finance
by JazzyPenguinZomato

Hindenburg alert!

Which stock and how much dip? Predict in comments

Post image
Top comments
user

They found Aladdin’s Chirag and now will keep rubbing it. This is fear mongering and market manipulation but ne...

user

The Indian Government.

user

Could be vedanta, Anil Agarwal. I feel they will target companies that may have strategic assets outside India. ...