Adani's $10 Billion Chip Plant to Boost India's Tech Ambitions

- The Adani Group, led by billionaire Gautam Adani, plans to build a $10 billion semiconductor plant near Mumbai with Israel's Tower Semiconductor Ltd. - The facility, located in Taloja, will be constructed over three to five years and aims to produce 40,000 wafers initially, scaling up to 80,000. - This move aligns with Indian Prime Minister Narendra Modi's vision to make India a tech superpower and reduce reliance on imports. - The chips produced will be used in drones, cars, smartphones, and other mobility solutions. - Adani joins Tata Group in bolstering India's semiconductor industry, which has seen significant investments and government support. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-09-06/adani-plans-10-billion-india-chip-plant-with-israel-s-tower)