Tower-Adani JV to set up $10 bn semiconductor unit in Maharashtra: Fadnavis

A committee of the Maharashtra Cabinet on Thursday approved an investment proposal worth Rs 83,947 crore ($10 billion ) for a joint venture (JV) between Tower Semiconductor and the Adani Group. The JV aims to establish a semiconductor chip manufacturing facility at Taloja in Panvel, as announced by the state’s Deputy Chief Minister Devendra Fadnavis on social media platform X (formerly Twitter).