ISMC $3-Billion India Semiconductor Plant Plans Stall as Intel Acquires Tech Partner Tower

ISMC $3-Billion India Semiconductor Plant Plans Stall as Intel Acquires Tech Partner Tower

A planned $3 billion (roughly Rs. 24,700 crore) semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner has been stalled due to the company’s ongoing takeover by Intel, three sources said, dashing India’s chip making plans. A second mega $19.5 billion (roughly…