Intel-owned Tower Semiconductor's chip-making plan in India back on table

In September 2021, the company had threatened to pull the plug on its plan to set up a facility in India

Israel-based chipmaker Tower Semiconductor, which was recently acquired by Intel for $5.4 billion, is in active discussions with the government to set up a manufacturing facility in India, according to a source close to the development. 

“Since the government announced the production-linked incentive (PLI) scheme on December 15, our plan to set up a semiconductor facility in India is back on the table,” said the source who is close to the company. “The government knows our recommendations, position, and advice. We have been discussing and consulting with the government for over 10 years now. I hope the process is faster this