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

Adani Group has temporarily suspended negotiations with Israel′sTower Semi conductor for a proposed 10 billion chip manufacturing joint venture. The pause follows the group's strategic review of its semiconductor ambitions amid global market uncertainties. While the deal isn't completely scrapped, both parties are reassessing terms and market conditions. This development comes as India pushes for domestic chip manufacturing through its semiconductor mission. The Adani-Tower collaboration was expected to establish India's first major foundry for analog and mixed-signal chips.