# 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.

- Type: Contract
- Announced: 2023-09-05
- Where: Rio Rancho, New Mexico, United States
- Value: $300.0M
- Status: announced
- Capacity: over 600,000 photo layers per month
- Products: 65-nanometer power management BCD flows, 300mm advanced analog processing
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Tower Semiconductor](https://endata.com/companies/16113.md) (customer)
- [Intel Foundry Services](https://endata.com/companies/60458.md) (supplier)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/928876/000117891323003070/zk2330264.htm), 2023-09-05: "Under the agreement, Tower will utilize Intel’s advanced manufacturing facility in New Mexico."
- [ir.towersemi.com](https://ir.towersemi.com/news-releases/news-release-details/intel-foundry-services-and-tower-semiconductor-announce-new-us/), 2023-09-05: "Under the agreement, Tower will utilize Intel’s advanced manufacturing facility in New Mexico."
- [towersemi.com](https://towersemi.com/2023/09/05/09052023/), 2023-09-05: "Under the agreement, Tower will utilize Intel’s advanced manufacturing facility in New Mexico."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.