Page 120 - Tower Semiconductor News Today

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Patrick Gelsinger is back running a company he first joined at 18. The chip maker was a Silicon Valley titan that lost its luster. As the world craves chips, can Intel make its comeback?

The Israeli chipmaker's net profit for the full year of 2021 was $150 million, up from $82.3 million in 2020.

MIGDAL HAEMEK, Israel (AP) _ Tower Semiconductor Ltd. (TSEM) on Thursday reported net income of $51.7 million in its fourth quarter. On a per-share basis, the Migdal Haemek, Israel-based company said it had net income of 47 cents.

Intel has acquired Tower Semiconductor for $5.4bn to further expand its manufacturing capacity of semiconductor chips to address unprecedented industry demand.

Intel's Jerusalem-based subsidiary teams up with German electric vehicle maker and US transportation software developer to roll out project

From Bloomberg: The plan is going to be expensive. In Ohio, CEO Pat Gelsinger is spending $20 billion to build the world's biggest chipmaking facility. He's also planning an expansion in Europe, making deals and ramping up research spending. This week, Intel agreed to buy Tower Semiconductor Ltd. for $5.4 billion, part of a push into making chips on a contract basis for other companies.

ICL led the gains today as potash prices rise but the banks fell sharply.

(Bloomberg) -- Intel Corp. agreed to acquire Tower Semiconductor Ltd. for about $5.4 billion, part of Chief Executive Officer Pat Gelsinger’s push into the outsourced chip-manufacturing business.  Intel will pay $53 per share in cash for Tower, according to a statement Tuesday.

Microsoft CEO Satya Nadella is on a major shopping spree.