Page 26 - Tower Semiconductor News Today

A round-up of top newspaper stories to keep you ahead of others

Tower Semiconductors previously failed to set up a chip manufacturing facility in India due to the companys other business deals.

In what appears to be a retaliatory move against the recent expansion of chip export controls by the Biden administration, Beijing is reportedly contemplating delaying the approval of US chipmaker Broadcom Inc's $69 billion merger with cloud computing company VMware.

If Tower’s proposal comes through, it would be the first semiconductor company with real fabrication pedigree to apply for India’s $10 billion chip manufacturing scheme, and could be a big boost to New Delhi’s chipmaking ambitions.

In 1992, India established diplomatic relations with Israel, and in 1993, the two countries signed an S&T (science and technology) agreement. India and Israel have since increased co-operation in the tech and startup spaces.

Pagaya CEO Gal Krubiner says he's relying more on his U.S. employees as Israeli workers join the war effort.

Beijing is reportedly considering delaying approval of the merger in retaliation for new U.S. rules controlling chip sales to China.

Online reports say Indian conglomerate Reliance Industries is planning a bid for Israeli company Tower Semiconductor.

Intel (INTC) is expected report lower revenues year over year in the third quarter of 2023, owing to weak demand trends in several end markets.

According to industry experts, Tower Semiconductor can become a technology partner for one of the Indian conglomerates aiming to venture into the semiconductor space