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

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

Quick Summary:

In addition to a chip fabrication unit being constructed in Dholera, Gujarat, four chip packaging facilities are under development.

Of the total investment, Rs 58,763 crore will be allocated for the first phase, while the remaining Rs 25,184 crore will be invested in the second phase, Fadnavis said.

Earlier this week, the Union Cabinet approved a Rs 3,307 crore proposal for an outsourced assembly and testing (OSAT) unit from Kaynes Semicon, a Mysore-based company.