Tower Semiconductor and STMicroelectronics to share new fab in Italy

Tower Semiconductor signed an agreement with STMicroelectronics to share a new fab built in Agrate Brianza, Italy, tripling Tower's 300mm production capacity. Tower will invest over $500 million in equipment, with production expected in the second half of 2022.

“We have said for a long time that we are looking to enlarge our production capacity in order to supply demand and that was before the huge demand this year and at the moment.”en.globes.co.il

• 1 source
• en.globes.co.ilTower to triple 300mm production capacity - GlobesShiri Habib-ValdhornJun 24, 2021

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