Shannon River Fund Management LLC acquired a new stake in Tower Semiconductor Ltd. (NASDAQ:TSEM – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,262,726 shares of the semiconductor company’s stock, valued at approximately $38,538,000. Tower Semiconductor makes up 7.0% of Shannon […]
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Why government has asked Israel's semiconductor company Tower Semiconductor to rework its manufacturing proposal indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The government requested Tower Semiconductor to revise its proposal for a chip fab unit. The government seeks the Israeli company to collaborate with a technology partner boasting superior chip-making capabilities and the ability to manufacture using more advanced processes.