U.S. markets open in 3 hours 16 minutes
  • S&P Futures

    3,679.75
    -29.25 (-0.79%)
     
  • Dow Futures

    29,440.00
    -229.00 (-0.77%)
     
  • Nasdaq Futures

    11,314.75
    -62.00 (-0.54%)
     
  • Russell 2000 Futures

    1,669.30
    -16.80 (-1.00%)
     
  • Crude Oil

    78.40
    -0.34 (-0.43%)
     
  • Gold

    1,649.00
    -6.60 (-0.40%)
     
  • Silver

    18.59
    -0.32 (-1.67%)
     
  • EUR/USD

    0.9644
    -0.0044 (-0.45%)
     
  • 10-Yr Bond

    3.6970
    0.0000 (0.00%)
     
  • Vix

    32.70
    +5.35 (+19.56%)
     
  • GBP/USD

    1.0701
    -0.0155 (-1.43%)
     
  • USD/JPY

    144.0700
    +0.7500 (+0.52%)
     
  • BTC-USD

    19,102.03
    +44.04 (+0.23%)
     
  • CMC Crypto 200

    437.11
    -7.43 (-1.67%)
     
  • FTSE 100

    6,961.49
    -57.11 (-0.81%)
     
  • Nikkei 225

    26,431.55
    -722.28 (-2.66%)
     

STMicroelectronics, Tower Semiconductor Collaborate To Ramp Up Under Construction Agrate R3 300mm Fab Production In Italy

·1 min read
  • STMicroelectronics NV (NYSE: STM) introduced semiconductor solutions foundry Tower Semiconductor Ltd (NASDAQ: TSEM) to its Agrate R3 300mm fab under construction Agrate Brianza site in Italy.

  • ST and Tower will collaborate for an accelerated fab ramp-up to reach a high utilization level leading to a competitive wafer cost.

  • ST will share the cleanroom in R3, with Tower installing its equipment in one-third of the total space.

  • The fab is likely to be ready for equipment installation later in 2021 and start production in the second half of 2022.

  • The products manufactured in Agrate R3 will support the automotive, industrial and personal electronics markets, ST CEO Jean-Marc Chery said.

  • Tower's strong execution in advanced 65nm, 300mm based analog RF, power platforms, displays will get a boost from the activity in Agrate; more than tripling Tower's 300mm foundry capacity, Tower CEO Russell Ellwanger stated.

  • Price action: TSEM shares traded higher by 7.93% at $29.52 in the premarket session on the last check Thursday.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.