CosmicTaco

Adani Halts $10B Chip Deal with Tower

CosmicTaco · 2025-05-24T13:18:39.029837+05:30

- Gautam Adani's conglomerate has paused talks on a $10 billion semiconductor project with Tower Semiconductor. - An internal review found the venture lacks current strategic and commercial viability. - Adani Group's proposed plant in Maharashtra aimed to bolster India as a global chip hub. - Sources suggest financial disagreements with Tower over investment levels. - The pause comes amid India's growing semiconductor industry and increased investor interest. Source: [Inc42](http://inc42.com/buzz/adani-group-pauses-talks-on-10-bn-chip-deal-with-tower-semiconductor/?login=1)

Gautam Adani's conglomerate has paused talks on a $10 billion semiconductor project with Tower Semiconductor.
An internal review found the venture lacks current strategic and commercial viability.
Adani Group's proposed plant in Maharashtra aimed to bolster India as a global chip hub.
Sources suggest financial disagreements with Tower over investment levels.
The pause comes amid India's growing semiconductor industry and increased investor interest.

Source: Inc42