The ongoing Intel-Tower takeover deal has stalled the plans of a $3 billion semiconductor facility in India. The facility was being built by chip consortium ISMC which added Israeli chipmaker Tower as a tech partner. According to a report by Reuters, India’s chip-making plans get delayed as the US chipmaking giant is currently taking over its Israeli counterpart.
The ongoing Intel-Tower takeover deal has stalled the plans of a $3 billion semiconductor facility in India. The facility was being built by chip consortium ISMC which added Israeli chipmaker Tower as a tech partner. According to a report by Reuters, India’s chip-making plans get delayed as the US chipmaking giant is currently taking over its Israeli counterpart.Another $19.5 billion plan to manufacture semiconductors locally by a joint venture (JV) between India’s Vedanta and Taiwan’s Foxconn is also progressing slowly.
