Global Chipmaking Consortium ISMC's $3B India Plan Stalled As Tech Partner Tower Awaits Deal With Intel
Portfolio Pulse from Benzinga Newsdesk
Global chipmaking consortium ISMC's $3 billion plan to set up a semiconductor manufacturing facility in India has stalled as its technology partner, Tower Semiconductor, awaits a deal with Intel.
May 31, 2023 | 6:11 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Intel's potential deal with Tower Semiconductor is causing a delay in ISMC's $3 billion semiconductor manufacturing facility plan in India.
The news mentions Intel's potential deal with Tower Semiconductor, which is causing a delay in ISMC's plan. However, the impact on Intel's stock price is uncertain as the deal is not yet finalized and the overall effect on Intel's business is unclear.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50