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Tower's Indian chip foundry project is pegged at $9-10 billion, of which 50% will be subsidised by the Centre under the Indian Semiconductor Mission (ISM). States provide an additional 15-25% subsidy.
Tower Semiconductor Indian Chip Foundry: Tower's Indian chip foundry project is pegged at $9-10 billion, of which 50% will be subsidised by the Centre under the Indian Semiconductor Mission (ISM). States provide an additional 15-25% subsidy.
Susquehanna started coverage on shares of Tower Semiconductor (NASDAQ:TSEM – Get Free Report) in a research note issued to investors on Thursday, Briefing.com reports. The firm set a “neutral” rating and a $36.00 price target on the semiconductor company’s stock. Susquehanna’s target price would indicate a potential upside of 10.19% from the stock’s previous close. […]
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The announcements of the upcoming chip manufacturing units is a testament to India becoming a significant player in the global semiconductor ecosystem, Union Minister Rajeev Chandrasekhar said on Thursday after the government approved three chip plants entailing an investment of Rs 1.26 lakh crore.