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Intel to offer foundry services to Tower Semiconductor after acquisition deal falls through

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Under the latest agreement, Tower will acquire and own equipment and other fixed assets to be installed at the Rio Rancho fabrication unit. 'We see this as a first step towards multiple unique synergistic solutions with Intel,' Tower CEO Russell Ellwanger said. 'This collaboration with Intel allows us to fulfill our customers' demand roadmaps, with a particular focus on advanced power management and radio frequency silicon on insulator (RF SOI) solutions, with full process flow qualification planned in 2024.'

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Exclusive-China to launch new $40 billion state fund to boost chip industry, sources sayChina is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector, two people familiar with the matter said, as the country ramps up efforts to catch up with the U.S. and other rivals. It is likely to be the biggest of three funds launched by the China Integrated Circuit Industry Investment Fund, also known as the Big Fund. President Xi Jinping has long stressed the need for China to achieve self-sufficiency in semiconductors.
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