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Tower Jumps 45% After Buying Panasonic's Foundry Operations

2013-12-21 21:15:44| Semiconductors - Topix.net

Tower Semiconductor Ltd. gained the most on record in New York after the Israeli chip maker said it will buy three semiconductor plants from Panasonic Corp. The stock of the Migdal Haemek, Israel-based company surged 45 percent to $6.50 at the close of trading in New York, the biggest jump since its 1994 U.S. debut.

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