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Israel's Tower proposes $8 Billion chip plant in India - report

By Reuters

11 Feb 2024

BENGALURU, Feb 11 (Reuters) - Israel's Tower Semiconductor (TSEM.TA), opens new tab has submitted a proposal to India's government to build an $8 billion chipmaking facility in the South Asian nation, national daily Indian Express reported on Sunday.

Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, the report said.

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