Brief by Shorts91 Newsdesk / 06:45pm on 10 Sep 2024,Tuesday Business
Israel is set to make a major investment in India's semiconductor sector, according to Reuven Azar, the Israeli Ambassador to India. He hinted at significant developments in the coming days, stating that private Israeli companies are driving the initiative. While details remain confidential, Tower Semiconductor is rumored to be a potential investor. This follows India’s recent semiconductor ecosystem partnership with Singapore. The India Semiconductor Mission, launched in 2021, aims to strengthen chip manufacturing in the country with a ₹76,000 crore incentive scheme.
