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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Tower Semiconductor Ltd | NASDAQ:TSEM | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 36.44 | 35.72 | 36.54 | 0 | 01:00:00 |
From May 2023 to May 2024
By Will Feuer
Intel said it has struck a foundry deal to build chips for Tower Semiconductor at a manufacturing facility in New Mexico.
Tower Semiconductor, an Israeli chipmaker, will invest up to $300 million to buy equipment and other fixed assets at the New Mexico facility to expand capacity, the companies said. Intel Foundry Services will build Tower's 65-nanometer power management BCD flows, among other flows at the plant in Rio Rancho, N.M.
"We see this as a first step towards multiple unique synergistic solutions with Intel," Tower Chief Executive Russell Ellwanger said.
Intel agreed last year to buy Tower Semiconductor for more than $5 billion, but the companies abandoned the merger last month after Chinese regulators didn't approve the deal.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
September 05, 2023 08:14 ET (12:14 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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