More importantly, the Adani Group is in advanced stages of discussion with two large Israel-based niche technology firms to form separate joint ventures (JVs) and get the technology transfer from these two Israeli companies, for its Semiconductor initiative.
As announced earlier, this ambitious project will be a joint venture with Israel's Tower Semiconductor and will be set up in Maharashtra's Taloja region.
The first semiconductor facility is likely to be ready by 2027, said the report citing the two persons. Besides Maharashtra, multiple semiconductor manufacturing sites in different states are also being explored.
To recall, on 6 September, Maharashtra deputy chief minister Devendra Fadnavis had mentioned in an address that the Adani Group plans to invest ₹83,947 crore (about $10 billion) in setting up a chip manufacturing plant in Maharashtra.
The facility will have an initial capacity of 40,000 wafer starts per month, expanding to 80,000 wafer starts per month in the second phase.
The facility was expected to produce a range of semiconductor components to meet the growing demand for advanced technology.
This move is part of a broader strategy to address the local talent shortage and boost India's semiconductor manufacturing capabilities. The Adani Group aims to contribute to the country's self-reliance in semiconductor production and support the growing demand for advanced technology.
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