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Modi's chip making plan flounders as firms struggle to find tech partners

A planned $3 billion semiconductor facility in India by chip consortium ISMC that counted Israeli chipmaker Tower as a tech partner has been stalled due to the company's ongoing takeover by Intel, three people with direct knowledge of the strategy said. A second mega $19.5 billion plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly as their talks to rope in European chipmaker STMicroelectronics as a partner are deadlo...
Narendra Modi David Reed Rajeev Chandrasekhar Tower Semiconductor Prime Minister Narendra Modi Next Orbit Ventures

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Tower Semiconductor (NASDAQ:TSEM) Sees Large Volume Increase

Tower Semiconductor Ltd. (NASDAQ:TSEM – Get Rating) saw unusually-strong trading volume on Wednesday . Approximately 998,758 shares traded hands during mid-day trading, an increase of 56% from the previous session’s volume of 639,780 shares.The stock last traded at $38.79 and had previously closed at $40.43. Analysts Set New Price Targets Separately, StockNews.com downgraded Tower Semiconductor […]
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