# Adani Group and Tower Semiconductor to build $10B chip plant in Maharashtra

Maharashtra's cabinet approved Adani Group's proposal to set up an INR 83,947 Cr ($10 Bn) semiconductor manufacturing plant with Israel's Tower Semiconductor in Panvel, Maharashtra. The plant will be completed in phases, with phase 1 capacity of 40,000 wafers per month and phase 2 increasing to 80,000 wafers per month, creating 5,000 jobs.

- Type: New facility
- Announced: 2024-09-06
- Where: Panvel, Maharashtra, India
- Value: $10.0B
- Jobs: 5,000
- Status: announced
- Capacity: 40,000 wafers per month (phase 1), 80,000 wafers per month (phase 2)
- Products: semiconductor wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Adani Group](https://endata.com/companies/15392.md)
- [Tower Semiconductor](https://endata.com/companies/16113.md) (partner)

## Sources

- [inc42.com](https://inc42.com/buzz/maharashtra-approves-adani-tower-semiconductors-10-bn-chip-manufacturing-plant/), 2024-09-06: "Maharashtra's cabinet has approved Adani Group's proposal to set up an INR 83,947 Cr ($10 Bn) semiconductor manufacturing plant with Israel's Tower Semiconductor in the state."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.