Israeli chip manufacturer Tower Semiconductor halts production following cyber attack

On Sunday, Israeli chip manufacturer Tower Semiconductor said, some of its systems have been hit by a cyber attack as a result of which it has placed on hold some of its manufacturing operations. “Tower has notified relevant authorities, and is working closely with law enforcement organizations and with a leading team of worldwide experts,…

Panasonic to divest its chipmaking units to Nuvoton Technology

On Thursday, Japan’s Panasonic Corp stated it will sell its loss-making chip business to Taiwan’s Nuvoton Technology, reported Nikkei Asian Review. According to the report, Panasonic is also slated to divest three Japanese chipmaking facilities of TowerJazz Panasonic Semiconductor – a joint venture with Israel’s Tower Semiconductor. The development comes midst the U.S.-China trade war which…