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

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…