Press release
Intel Foundry Services and Tower Semiconductor Announce New US Foundry Agreement
Intel’s advanced 300mm manufacturing facility in New Mexico to provide new capacity corridor for Tower, helping fuel future growth. SANTA CLARA, Calif. &
About this update from Tower Semiconductor Ltd.
[{"type":"text","content":"\nIntel’s advanced 300mm manufacturing facility in New Mexico to provide new capacity corridor for Tower, helping fuel future growth.\n\n\n SANTA CLARA, Calif. & MIGDAL HAEMEK, Israel--(BUSINESS WIRE)--\nIntel Foundry Services (IFS) and Tower Semiconductor (Nasdaq: TSEM), a leading foundry for analog semiconductor solutions, today announced an agreement where Intel will provide foundry services and 300mm manufacturing capacity to help Tower serve its customers globally. Under the agreement, Tower will utilize Intel’s advanced manufacturing facility in New Mexico. Tower will invest up to $300 million to acquire and own equipment and other fixed assets to be installed in the New Mexico facility, providing a new capacity corridor of over 600,000 photo layers per month for Tower’s future growth, enabling capacity to support forecasted customer demand for 300mm advanced analog processing.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230905749320/en/Intel Foundry Services and Tower Semiconductor, a leading foundry for analog semiconductor solutions, announce an agreement where Intel will provide foundry services and 300mm manufacturing capacity to help Tower serve its customers globally. (Credit: Intel Corporation)\nThis agreement demonstrates the commitment from both Intel and Tower to expand their respective foundry footprints with unparalleled solutions and scaled capabilities. Intel will manufacture Tower’s highly differentiated 65-nanometer power management BCD (bipolar-CMOS-DMOS) flows, among other flows at Intel’s Fab 11X in Rio Rancho, New Mexico.\n\n\nStuart Pann, Intel senior vice president and general manager of Intel Foundry Services, said, “We launched Intel Foundry Services with a long-term view of delivering the world’s first open system foundry that brings together a secure, sustainable, and resilient supply chain with the best of Intel and our ecosystem. We’re thrilled that Tower sees the unique value we provide and chose us to open their 300mm U.S. capacity corridor.”\n\n\nTower CEO Russell Ellwanger said, “We are excited to continue working with Intel. As we look to the future, our primary focus is to expand our customer partnerships through high-scale manufacturing of leading-edge technology solutions. This collaboration with Intel allows us to fulf...