Page 14 - Tower Semiconductor News Today

Budget Chip Manufacturing Outlay: There is "clarity in policy and increase of trust in India," union electronics and information technology minister Ashwini Vaishnaw said, responding to a question from ET. " Companies want to set up mega-manufacturing clusters in India. People have huge confidence in India, and we will see more announcements very soon," he said.

The state-owned Semiconductor Laboratory in Mohali is the only chip manufacturing unit in India that produces semiconductors for strategic and defence purposes, including for space exploration such as the Chandrayaan mission. However, the facility that was founded in 1976, has lagged behind private companies in terms of production as well as technology over the years.

Semiconductor Laboratory Mohali Revamp: The state-owned Semiconductor Laboratory in Mohali is the only chip manufacturing unit in India that produces semiconductors for strategic and defence purposes, including for space exploration such as the Chandrayaan mission. However, the facility that was founded in 1976, has lagged behind private companies in terms of production as well as technology over the years.

Teva led the market today with strong gains after reporting Q4 results but NICE Systems fell sharply.

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Intel and UMC officially announced their landmark collaboration on January 25, 2024, geared toward developing the 12-nanometer process. TrendForce believes that this partnership, which leverages UMC’s diversified technological services and Intel’s existing factory facilities for joint operation, not only aids Intel in transitioning from an IDM to a foundry business model but also brings a wealth of operational experience and enhances manufacturing flexibility.

The banks rose strongly today, lifting the Tel Aviv 35 Index, as NICE Systems and Camtek both declined.

Intel Corporation beats earnings expectations. Reported EPS is $0.54, expectations were $0.44.

INTC earnings call for the period ending December 31, 2023.

Indias Interim Budget may include sops to boost the semiconductor industry, with an upgraded version of the SPECS plan that may have a corpus of Rs 10,000 crore. The Indian Semiconductor Mission has attracted investment from companies like Micron Technologies and Foxconn, while discussions are ongoing with TSMC and Japans TMH Group for semiconductor fabrication units.