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TOWER SEMICONDUCTOR COMPANY
Kunal Shah’s WhatsApp win; India bourses insulated from AI boomIn bagging the top job at WhatsApp, Cred’s Kunal Shah has done what no Indian entrepreneur could do. This and more in today’s ETtech Top 5.- India’s lost chip dream: The mysterious 1989 fire that may have cost the nation the AI raceIndia began semiconductor manufacturing before Taiwan Semiconductor Manufacturing Company. A fire in 1989 and policy neglect stalled progre...
- Tower Semi forecasts upbeat quarterly revenue, signs $1.3 billion in AI chip dealsTower Semiconductor anticipates exceeding second-quarter revenue expectations. The company has secured significant deals worth $1.3 billion...
- Axiro will scale fabless chip business in phases: CG Power chairmanAxiro Semiconductor, a CG Power subsidiary, is expanding its fabless chip business, initially targeting connectivity, satellite communicati...
- Tower Semiconductor forecasts upbeat Q4 revenue; unveils $350 million investment planThe Israeli chipmaker's increased estimate is due to a revival in demand for chips. The company's U.S.-listed shares were up by 7.5% in pre...
- India Semiconductor Mission to expand in Phase Two with new proposals, focus on full ecosystem developmentThe government plans to expand the India Semiconductor Mission (ISM) to support semiconductor chip fabrication, packaging, and other ecosys...
- Centre to expand semiconductor scheme, looks to get raw material suppliers: ISM chief“When we started ISM, the idea was that we need to support this industry for at least 10 years till we become mature. So, of course, we nee...
- Semiconductor mission may get $10-billion booster shotISM, a division within the Digital India Corporation tasked with furthering the country’s semiconductor manufacturing, packaging, and desig...
- Maharashtra govt gives nod to 4 mega semiconductor, EV projects; Rs 1.17L cr investment proposedThe Maharashtra government has approved four high-tech mega projects with a total investment of Rs 1.17 lakh crore, creating 29,000 jobs in...
- Govt asks Israel’s Tower to rework chip fab proposalThe government requested Tower Semiconductor to revise its proposal for a chip fab unit. The government seeks the Israeli company to collab...
- Tower's plan for first Indian chip foundry likely to get nod todayTower's Indian chip foundry project is pegged at $9-10 billion, of which 50% will be subsidised by the Centre under the Indian Semiconducto...
- Semiconductor Laboratory revamp: Tata, Tower among nine biddersThe state-owned Semiconductor Laboratory in Mohali is the only chip manufacturing unit in India that produces semiconductors for strategic ...
- Israel's chipmaker Tower resubmits proposal to set up 65 nm, 40 nm chip fabThe company, however, is also facing legal action from its erstwhile joint venture partner Abu Dhabi-based Next Orbit Ventures which is con...
- Israel’s Tower seeks government inputs for fab foray by FY24-endThis marks a second attempt by the Israeli company to enter the semiconductor space in India after an earlier JV agreement with ISMC to set...
- Intel scraps $5.4 billion Tower deal after China review delayIntel, which had decided to buy Tower last year, will pay a termination fee of $353 million to the latter, the company said in a statement.
- Centre to decide on semiconductor fab by Feb: Karnataka IT ministerISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel's Tower Semiconductor.
- Sop evaluations still on, Ministry tells semiconductor applicant“Going by conversations with the ministry, we are hoping the approvals will start rolling out by October,” an industry representative aware...
- Delay in semiconductor sop approvals due to headless ISM: sourcesOn an India visit, Tower Semiconductor CEO Russell C Ellwanger met Minister of State for Electronics and IT Rajeev Chandrasekhar on Monday,...
- Intel buying Israeli chipmaker Tower Semiconductor for $5.4 billionThe transaction is expected to close in about 12 months and has already been unanimously approved by both boards. The deal is still subject...
- Israel's Tower eyes tech transfer deals with SemIndia, HSMCTower Semiconductor, the second largest fab company in Israel, has zoomed in on India to transfer technology in chip making and provide spe...
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