Page 9 - Tower Semiconductor News Today

Renaissance Group LLC grew its stake in shares of Tower Semiconductor Ltd. (NASDAQ:TSEM – Free Report) by 81.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 77,194 shares of the semiconductor company’s stock after acquiring an additional 34,587 shares during the quarter. Renaissance Group […]

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Tata Group, India's largest conglomerate, has applied to the Union Ministry of Electronics & Information Technology(MeiTY) to set up a semiconductor wafer fabrication facility under the India Semiconductor Mission(ISM)

Intel unveiled a new roadmap that includes its new 14A node at its Intel Foundry Services (IFS) Direct Connect 2024 event. The company also added new extensions to its existing lineup of process nodes, along with a host of other announcements.

Teva and Tower fell today as Electra and Shikun & Binui led the gains.

The Indian conglomerate aims to manufacture mature nodes of 65 nm (nanometre) before moving to 48 nm and then to 28 nm — which supports applications ranging from graphic processor units (GPU) to consumer electronics and the internet of things — in a few years.

The collective value of the proposals equals nearly about $22 billion, more than twice the $10 billion incentive amount that New Delhi has earmarked for the chip ecosystem.

During an investment summit in Gujarat in January, Tata Sons Chairman N Chandrasekaran announced that the group would build a massive semiconductor fab in Dholera to start operations in 2024.

India is competing with some of its key allies – the US and Europe – to attract chipmakers, and is offering a 50 per cent capital expenditure subsidy to successful applicants at the central level under its $10 billion incentive scheme, with state governments sweetening the deal further at their own end.

Tower Semiconductor to Attend the Susquehanna Technology Conference in New York