Adani Group puts on hold $10 bn chip deal with Israel's Tower Semiconductor

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Adani Group puts on hold $10 bn chip deal with Israel's Tower Semiconductor - Business Standard

Quick Summary:

Meanwhile, other key semiconductor projects continue to move forward.

The move followed an internal evaluation which concluded the deal currently lacks strategic and commercial viability, the report said.

In September last year, Maharashtra had approved the proposed chip-making facility, which was expected to manufacture 80,000 wafers per month and create 5,000 jobs.