India To Get Major Investment For Semiconductors From Israel: Envoy

There have been reports suggesting that Tower Semiconductor, an Israeli company specialising in manufacturing integrated circuits, is expected to invest billions of dollars in India.

Israel is planning a major investment in India in the semiconductor sector, its envoy said today, calling the development a "big news".

"Israel will soon invest in the semiconductor industry in India, the newly appointed Ambassador of Israel to India, Reuven Azar, told news agency ANI, adding that, "We expect big news when it comes to semiconductors in the coming days, we have something in the pipeline," he said.

Israel has announced that it will make a major announcement regarding the semiconductor industry, likely from a private Israeli company.