🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Maharashtra says Tower-Adani to set up $10 billion semiconductor unit
Economic Times
·
11m ago
Medial
The Maharashtra cabinet panel has approved a $10 billion investment proposal from the Tower Semiconductor-Adani Group joint venture to establish a semiconductor chip manufacturing unit in Taloja. The facility will have a total capacity of 40,000 wafer starts per month in the initial phase and 80,000 wafer starts per month overall. The project is still under consideration by the India Semiconductor Mission and the Ministry of Electronics and Information Technology. If approved, it will be India's second chip manufacturing facility and the sixth semiconductor plant in the country.
View Source
Related News
Semiconductor mission may Get $10billion booster shot
Economic Times
·
11m ago
Medial
The Indian Semiconductor Mission may receive a second budgetary allocation of up to $10 billion. This funding will be needed if the government approves a chip fabrication unit by Israeli firm Tower Semiconductor and the Adani Group, as well as other proposed projects currently under evaluation. The first phase of the Indian Semiconductor Mission has already exhausted its initial funds, including approvals for a chip fabrication unit by the Tata Group. The Maharashtra state government has recently approved a $10 billion semiconductor fab unit by Adani Group and Tower.
View Source
India Reviews $21 Bn Proposals To Fast Track Chip Manufacturing Market
Inc42
·
1y ago
Medial
Tower Semiconductor from Israel and Tata Group from India have proposed large-scale chip manufacturing projects in the state of Gujarat, with a combined investment of $17 billion. Tower Semiconductor plans to scale up its plant to eventually produce 80,000 silicon wafers per month, while Tata Group intends to construct a chip fabrication unit and a chip-packaging plant. These proposals are part of the Indian government's efforts to boost chip manufacturing within the country, which is projected to reach a market value of $55 billion by 2026.
View Source
Is Adani's semiconductor play a long-term game?
Livemint
·
10m ago
Medial
The Adani group is planning to manufacture microchips for its own businesses and for global and domestic customers at a fabrication plant in Maharashtra. The conglomerate has partnered with Israel's Tower Semiconductor for this project, which aims to have a total capacity of 40,000 wafer starts per month. Adani hopes to tap into the fabless model, where companies design chips and have them manufactured by another company. The chip business is expected to become one of Adani's largest and will cater to government contracts in various sectors. This move aligns with India's goal of becoming a major player in the semiconductor industry.
View Source
Centre to expand semiconductor scheme, looks to get raw material suppliers: ISM chief
Economic Times
·
11m ago
Medial
The Indian government plans to expand its semiconductor chip fabrication and packaging scheme under the second phase of the India Semiconductor Mission. Around 20 proposals have been made by semiconductor chip fabrication units, display fabrication companies, raw material suppliers, and chip packaging companies. The goal is to attract more investment in the sector, promote the growth of the semiconductor industry, and strengthen the ecosystem by bringing in other companies such as raw material suppliers and gas companies. Currently, a proposal by Tower Semiconductor to set up a chip fabrication unit is under consideration.
View Source
Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved
Economic Times
·
1y ago
Medial
The Indian government has approved the construction of three semiconductor chip fabrication units in Gujarat and Assam, with an estimated investment of INR 1.26 lakh crore (approximately $17 billion). Tata Electronics will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC) in Gujarat, attracting an investment of INR 91,000 crore. Tata Semiconductor Assembly and Test will establish a unit in Assam with an investment of INR 27,000 crore. Additionally, CG Power will collaborate with Renesas Electronics and Stars Microelectronics to set up a semiconductor unit in Gujarat with an investment of INR 7,600 crore.
View Source
Adani Group plans $3-billion push for new clean-energy business
Livemint
·
1y ago
Medial
Indian conglomerate, the Adani Group, is planning to invest INR 25,000-27,500 crore ($3 billion) in building its first pumped-storage hydropower (PSH) facility. Adani Green aims to establish 5 GW of PSH capacity in the next five years and eventually increase it to 25 GW, which will take the group's total green-energy capability to 70 GW. The PSH generation facilities will be set up in Maharashtra, Andhra Pradesh, Tamil Nadu, and Telangana. PSH is gaining popularity among power companies as it is capable of supplying electricity consistently, unlike solar and wind energy.
View Source
Zoho suspends $700-mn chipmaking plan in latest setback for India
VCCircle
·
3m ago
Medial
Zoho has suspended its $700-million chip manufacturing plans due to difficulties in finding a suitable technology partner for the complex process, marking a setback for India's semiconductor ambitions. This follows billionaire Gautam Adani's group pausing its $10 billion chip project with Tower Semiconductor. Zoho's founder, Sridhar Vembu, had envisioned a $400-million investment in Karnataka to diversify operations. The suspension poses challenges to India's goal of becoming a global chip manufacturing hub.
View Source
India Set To Host Two Multi-Billion Dollar Semiconductor Plants: MoS IT Announces
OutlookIndia
·
1y ago
Medial
India is set to establish two semiconductor fabrication plants with multi-billion dollar investments, as well as several chip assembly and packaging units. Rajeev Chandrasekhar, Minister of Electronics and IT, confirmed that Tower Semiconductors from Israel has proposed an $8 billion project, while Tata Group has also submitted a project. The government has received four proposals for semiconductor manufacturing plants and 13 for chip assembly and testing units. India aims to become a global leader in electronics manufacturing and hopes to achieve $300 billion of electronics manufacturing by 2026-27.
View Source
India approves $15B in semiconductor plant investments
TechCrunch
·
1y ago
Medial
India has approved a $15.2 billion investment to build three semiconductor plants, including its first semiconductor fab facility, in an effort to compete with China and Taiwan in the chip race. The plants will focus on general-purpose applications rather than AI chips. The first fab facility will be set up by Tata Group and Taiwan's Power Chip in Gujarat. The government has also approved an investment in a semiconductor assembly unit in Assam and a specialized chip facility in Gujarat. These investments aim to boost India's domestic semiconductor sector and generate employment opportunities.
View Source
Adani plans $3 billion outlay to launch semicon business
Livemint
·
9m ago
Medial
Indian conglomerate Adani Group is planning a $3bn initial investment in semiconductor manufacturing over the next two to three years, according to anonymous sources. The company is reportedly in discussions with two Israeli technology firms to establish separate joint ventures. The total investment could reach $7-8bn, with the funds used for setting up a manufacturing facility and technology transfer. The first semiconductor facility is expected to be operational by 2027, with a potential location in Maharashtra. The Indian government has expressed a desire to reduce the country's reliance on imports, particularly from China, in the semiconductor sector.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
