#tower semiconductor

[indiaweekly]

Adani plans $10bn semiconductor project with Israeli firm in Maharashtra - Indiaweekly

THE ADANI Group plans to invest $10 billion with Israeli partner Tower Semiconductor in setting up a chip manufacturing plant in Maharashtra

[semimediapress]

Tower Semiconductor plans to build chip factory in India

February 13, 2024 /SemiMedia/ — According to reports, Israeli wafer foundry Tower submitted a proposal to the Indian government to build a chip manufacturing plant costing $8 billion. Reports say Tower is seeking government incentives for its plans and hopes to produce 65nm and 40nm chips in India. Chipmaking is a key part of Prime Minister Narendra Modi’s business agenda, but initial proposals…

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[news4nose]

Reliance's interest to acquire the conglomerate 'Tower Semiconductor' signifies its entry into Israel's chip ecosystem. This move, led by...

Reliance Industries Likely to Acquire Tower Semiconductor of  Israel. Sources indicate possible delays due to the Israel Hamas conflict. Read More

[pavel-nosok]

Intel and Tower Semiconductor cancel $5.4B merger over regulatory hurdles

Intel has called time on its plan to acquire contract chipmaker Tower Semiconductor, citing its inability “to obtain in a timely manner the regulatory approvals required under the merger agreement.” Chip giant Intel first announced it was planning to buy the Israeli company for $5.4 billion way back in February last year, a move designed to bolster its own contract chip-making business with…

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[erebusvincent]

Intel Agrees to $6 Billion Deal to Buy Tower Semiconductor

The U.S. semiconductor giant continues spending to expand its manufacturing operations.

[nuadox]

Intel to acquire Tower Semiconductor for $5.4B

- By Nuadox Crew -

Intel today announced it has agreed to acquire Israeli company Tower Semiconductor for $5.4 billion. 

Intel Corporation (Nasdaq: INTC) and Tower Semiconductor (Nasdaq: TSEM), a leading foundry for analog semiconductor solutions, today announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion. The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing capacity, global footprint and technology portfolio to address unprecedented industry demand.

Tower’s expertise in specialty technologies, such as radio frequency (RF), power, silicon-germanium (SiGe) and industrial sensors, extensive IP and electronic design automation (EDA) partnerships, and established foundry footprint will provide broad coverage to both Intel and Tower’s customers globally. Tower serves high-growth markets such as mobile, automotive and power. Tower operates a geographically complementary foundry presence with facilities in the U.S. and Asia serving fabless companies as well as IDMs and offers more than 2 million wafer starts per year of capacity – including growth opportunities in Texas, Israel, Italy and Japan. Tower also brings a foundry-first customer approach with an industry-leading customer support portal and IP storefront, as well as design services and capabilities.

The transaction is expected to be immediately accretive to Intel’s non-GAAP EPS. Intel intends to fund the acquisition with cash from the balance sheet.

The transaction is expected to close in approximately 12 months. It has been unanimously approved by Intel’s and Tower’s boards of directors and is subject to certain regulatory approvals and customary closing conditions, including the approval of Tower’s stockholders.

August 16, 2023 update: Intel Corporation and Tower Semiconductor have decided to cancel their previously announced acquisition agreement due to the challenges in obtaining required regulatory approvals in a timely manner.

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Header image: Intel / Tower Semiconductor banner: Credit: Intel Corporation and Tower Semiconductor.

Source: Intel Corporation

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[thephoblographer]

Nikon Z9 and Tower Semiconductor: Is This the New Dream Team?

We need more than just Sony sensors.

If Nikon brings out their Z9 with a brand new sensor, they could win a lot of hearts. The much speculated on Nikon Z9 continues to capture the internet’s imagination. This camera is Nikon’s chance to deliver big innovation. If they get it right, it could signal a bright future for the Z-mount system. So far, we have very little confirmation from Nikon. The photo in the press release shows an…

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[powerelec]

Infinera leverages Tower Semiconductor SiGe technology in its industry-leading 800Gbs optical engine

Infinera leverages Tower Semiconductor SiGe technology in its industry-leading 800Gbs optical engine

Tower Semiconductor, announced Infinera’s selection of Tower’s high performance Terabit SiGe BiCMOS platform for use in Infinera’s industry-leading 800G sixth-generation Infinite Capacity Engine (ICE6). ICE6 provides 800 gigabits per second single wavelength with unparalleled performance providing significant cost, power, and fiber capacity advantages to network operators, enabling them to…

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