Intel Foundry Services And Tower Semiconductor Announce New US Foundry Agreement; tower To Invest Up To $300M To Acquire And Own Equipment And Other fixed Assets For New Mexico Facility
Portfolio Pulse from Benzinga Newsdesk
Intel Foundry Services and Tower Semiconductor have announced a new US foundry agreement. As part of the agreement, Tower will invest up to $300M to acquire and own equipment and other fixed assets for a new facility in New Mexico.
September 05, 2023 | 11:46 am
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POSITIVE IMPACT
Intel's new foundry agreement with Tower Semiconductor could potentially increase its production capacity and revenue.
The new foundry agreement with Tower Semiconductor could potentially increase Intel's production capacity. This could lead to increased revenue and a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tower Semiconductor's investment of up to $300M in a new facility in New Mexico could potentially increase its production capacity and revenue.
Tower Semiconductor's investment in a new facility could potentially increase its production capacity. This could lead to increased revenue and a positive impact on its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70