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Israel s Tower proposes $8 billion chip plant in India

Israel's Tower Semiconductor 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. The company and India's IT ministry did not immediately respond to requests for comment.

Xiaomi says India s scrutiny of Chinese firms unnerves suppliers

China s Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter.

India approves auction of telecom spectrum at reserve price of $11 6 billion

India on Thursday approved the auction of telecom spectrum at a total reserve price of 963.2 billion rupees , the information minister told reporters.. -February 08, 2024 at 10:48 am EST - MarketScreener

India s Paytm crackdown spooks retailers; Walmart, Google swoop in

Hit by a regulatory crackdown, India s Paytm is mobilizing its sales team to reassure the merchants who use its app to accept digital payments just as Walmart and Google are targeting those.

Tata, Pegatron in partnership talks for iPhone assembly in India s Tamil Nadu - sources

Tata Group is in advanced talks with Taiwan s Pegatron to form a partnership to run an iPhone assembly plant the Indian company is building in the southern state of Tamil Nadu, two sources with direct.

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