Adani Group Pauses Talks On $10 Bn Chip Deal With Tower Semiconductor

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SUMMARY

The move followed an internal evaluation which concluded that the project currently lacks strategic and commercial viability

In September last year, Maharashtra’s cabinet approved Adani Group’s proposal to set up an INR 83,947 Cr semiconductor manufacturing plant

The latest assessment led to the company stepping back, citing demand-related concerns, especially within India

Gautam Adani-led ports-to-power conglomerate Adani Group has reportedly put a pause on its $10…



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Adani Group Pauses Talks On $10 Bn Chip Deal With Tower Semiconductor


SUMMARY

The move followed an internal evaluation which concluded that the project currently lacks strategic and commercial viability

In September last year, Maharashtra’s cabinet approved Adani Group’s proposal to set up an INR 83,947 Cr semiconductor manufacturing plant

The latest assessment led to the company stepping back, citing demand-related concerns, especially within India

Gautam Adani-led ports-to-power conglomerate Adani Group has reportedly put a pause on its $10…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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