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Israel's Tower Semiconductor proposes an $8 billion chipmaking plant in India, targeting government incentives. The facility aims to produce 65nm and 40nm chips. While details from the company and India's IT ministry are awaited, chip manufacturing is a priority in Modi's economic strategy. Previous attempts to offer $10 billion incentives faced challenges, with some proposals stalled or scrapped.
Israel's Tower proposes $8 bln chip plant in India - report
Semiconductor manufacturing is Prime Minister Narendra Modi's key business agenda, for which his government rolled out a $10 billion scheme in December 2021.
Tower is looking to manufacture 65 nanometre and 40 nanometre chips in India
In some much-needed good news for Israel Startup Nation, Israel’s Tower Semiconductor, a leading foundry for analog semiconductor solutions, is in talks to build an $8 billion chip fabrication plant in India. The Indian Express reported that Tower has already submitted the plans for the new plant to the Indian government for its approval. Tower […]