Intel Foundry Services and Tower Semiconductor announce foundry agreement for New Mexico facility

Intel Foundry Services and Tower Semiconductor announced an agreement where Intel will provide foundry services and 300mm manufacturing capacity at its New Mexico facility. Tower will invest up to $300 million in equipment for the facility.

“Under the agreement, Tower will utilize Intel’s advanced manufacturing facility in New Mexico.”sec.gov

• 3 sources
• sec.govTOWER SEMICONDUCTOR LTD Form 6-K filed September 5, 2023Sep 5, 2023
• ir.towersemi.comIntel Foundry Services and Tower Semiconductor Announce New US Foundry Agreement | Tower SemiconductorSep 5, 2023
• towersemi.comIntel Foundry Services and Tower Semiconductor Announce New US Foundry Agreement - Tower SemiconductorSep 5, 2023

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