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JV agreement with Panasonic signals big gains for TowerJazz

Posted: 03 Apr 2014     Print Version  Bookmark and Share

Keywords:TowerJazz  Panasonic  JV 

[Summary of tips] TowerJazz has embarked on a joint venture with Panasonic Corporation to consolidate their Japanese operations, with an annual revenue expectation of $900 million. The ownership is shared at a 51:49 ratio, with TowerJazz holding majority of the shares.The agreement covers the transfer of Panasonic's 8 inch semiconductor manufact......
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