Page 38 - Tower Semiconductor News Today

Israeli maker of chips and semiconductors will use Intel’s New Mexico manufacturing plant and invest up to $300 million to buy equipment as part of the partnership deal

Stocks that are trading heavily or have substantial price changes on Tuesday: Manchester United, America’s Car-Mart fall; Insmed, Brady rise.

Intel Corp (NASDAQ: INTC) stock is trading higher Tuesday after it agreed to provide foundry services and 300mm manufacturing capacity to help Tower Semiconductor Ltd (NASDAQ: TSEM) serve 

Israel’s Tower will acquire and own equipment and other fixed assets to be installed at the Rio Rancho fabrication unit

IFS to make chips for Tower at Fab 11X in Rio Rancho, New Mexico.

After scrapped acquisition, Intel inks chip production deal with Tower Semiconductor - SiliconANGLE

After failing to secure Chinese approval for Intel’s planned Tower Purchase, the companies will instead focus on teaming up to boost Intel’s US manufacturing.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

On the heels of Intel's decision to cancel its acquisition of Tower Semiconductor, the two companies have announced a $300 million partnership.

Intel struck an agreement with Tower Semiconductor to invest up to $300 million into its New Mexico manufacturing plant.