In a bold move signaling the rise of India as a tech manufacturing powerhouse, Larsen & Toubro’s semiconductor division, L&T Semiconductor Technologies, is set to launch its chip manufacturing operations within the next two years. The announcement comes as India doubles down on its ambitions to build a robust semiconductor manufacturing ecosystem, aiming to reduce […]
Intel Foundry Services (IFS) and Tower Semiconductor have announced a $300 million agreement to extend their respective foundry footprints. Under this deal, Tower Semiconductor will make use of Intel’s advanced manufacturing facility in New Mexico. The investment will go toward acquiring equipment and other fixed assets, aiming to provide Tower Semiconductor with a new capacity […]
Intel Corporation has confirmed its decision to abort the planned $5.4 billion acquisition of Tower Semiconductor (Nasdaq: TSEM), pointing to unexpected delays in obtaining necessary regulatory approvals. Originating from a merger agreement formalized on February 15, 2022, Intel now owes Tower Semiconductor a hefty termination fee amounting to $353 million as per the stipulated terms. […]
Intel has signed a deal worth approximately $5.4 billion to acquire Israeli semiconductor company Tower Semiconductor in a move to creates a globally diverse end-to-end foundry to help address the growing demand for semiconductors. Tower Semiconductor, which is dual-listed on the Nasdaq and the Tel Aviv Stock Exchange, is a foundry for analog semiconductor solutions. […]