Fairchild Semiconductor has started mass production at TowerJazz Panasonic Semiconductor’s chip plant in Japan, TowerJazz said on Tuesday.
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A market source estimated that Israel-based TowerJazz would reap $50 million in revenue a year starting in mid-2015.
TowerJazz Panasonic is 51 percent owned by TowerJazz and 49 percent by Panasonic. The joint venture of three chip plants in Japan was established earlier in 2014.