# Intel and Tower Semiconductor ink chip production deal

Tower Semiconductor will use Intel's Fab 11X in Rio Rancho, New Mexico, to produce power management chips, with Tower buying up to $300 million in manufacturing gear.

- Type: Contract
- Announced: 2023-09-05
- Where: Rio Rancho, New Mexico, United States
- Value: $300.0M
- Status: announced
- Products: power management chips, RF SOI chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Tower Semiconductor](https://endata.com/companies/16113.md) (customer)
- [Intel](https://endata.com/companies/21062.md) (supplier)

## Sources

- [siliconangle.com](https://siliconangle.com/2023/09/05/scrapped-acquisition-intel-inks-chip-production-deal-tower-semiconductor/), 2023-09-05: "This collaboration with Intel allows us to fulfill our commitment to our customers and expand our manufacturing capacity."

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