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Adani Group to Invest $3 Billion in Semiconductor Manufacturing
The Adani Group is set to make a significant move into semiconductor manufacturing with an initial investment of $3 billion over the next 2-3 years, according to a report by Mint on October 16. The Gautam Adani-led conglomerate is reportedly in talks with two Israeli companies to establish separate joint ventures for chip production, signaling a major shift into the high-tech sector.
Adani’s Semiconductor Manufacturing Plans
The group’s first semiconductor manufacturing facility is expected to be operational by 2027 and will be located in Maharashtra. This facility is part of a broader $7-8 billion investment plan. The initial $3 billion investment will be used to establish the plant and acquire the necessary technology from one of the West Asian firms involved in the joint ventures, the report stated.
Maharashtra as a Semiconductor Hub
Maharashtra is poised to become a key player in the global semiconductor industry through this project. Earlier reports by Moneycontrol confirmed that the Maharashtra government approved a semiconductor fabrication unit to be jointly developed by Adani Group and Israel-based Tower Semiconductor. This joint venture, based in Panvel, Mumbai, will involve an estimated total investment of Rs 83,947 crore ($10 billion).
Job Creation and Industry Impact
The project, which is divided into two phases—Rs 58,763 crore for Phase 1 and Rs 25,184 crore for Phase 2—aims to create 5,000 jobs. By establishing a strong semiconductor manufacturing base in India, the Adani Group’s investment is expected to place Maharashtra at the forefront of the global semiconductor market, further boosting India’s technological and industrial landscape.
With the global demand for semiconductors rising, the Adani Group’s entry into this sector marks a significant step towards India’s self-reliance in critical technology manufacturing.
