An Israel tower fabrication facility in the offing in India

Israel’s Tower Semiconductor is seeking guidance from the central government on the best possible way to establish a fabrication facility in India by the end of the financial year to March. CEO Russell C Ellwanger and other top executives met officials at the electronics and IT ministry as well as from the India Semiconductor Mission earlier this month.

This marks a second attempt by the Israeli tech firm to enter the semiconductor space in India after an earlier agreement with ISMC to set up a chip factory collapsed. Moneycontrol