Israeli company, Tower, proposes $8 billion semiconductor manufacturing plant in India
Tower Semiconductor, the Israeli powerhouse in the semiconductor industry, is reportedly pondering a blockbuster move – an $8 billion chip manufacturing facility in India. According to a splashy report in the Indian Express on Sunday, the company has submitted a proposal to the Indian government for the venture.
The plan, if it materializes, would see Tower Semiconductor ramping up production of 65 nanometer and 40 nanometer chips within India. The details of the proposal and the incentives sought by Tower Semiconductor have yet to be announced officially.
While Tower Semiconductor and India's IT ministry remain mum on the matter, it’s clear there's a boiling interest in chip manufacturing within Prime Minister Modi's economic agenda. However, earlier efforts to shower the industry with $10 billion in incentives have hit some roadblocks, with various proposals facing delays or axing altogether.
It's important to note that, while reports of an $8 billion chip manufacturing project surfaced, there is no solid evidence to substantiate Tower Semiconductor's involvement in such a project. As it stands, the Adani Group's discussed $10 billion chip project with Tower Semiconductor was reportedly put on hold as of April 30, 2025[2]. Meanwhile, India's burgeoning chip sector is already making headway with other projects – some in partnership with HCL and Foxconn – but Tower Semiconductor's $8 billion venture is yet to materialize[1][4].
In the end, only time will tell if Tower Semiconductor's $8 billion bet on India's chip sector will finally see the light of day. Keep your eyes peeled for updates!
Executives in the technology sector may closely watch Tower Semiconductor's potential $8 billion investment in finance for a chip manufacturing business in India, given its influence in the semiconductor industry. This move, if successful, could significantly boost India's presence in the global business landscape.
