# Intel Foundry and Tower Semiconductor partner for manufacturing capacity in New Mexico

Intel Foundry and Tower Semiconductor announced an agreement where Tower will invest up to $300 million to acquire and install equipment at Intel's advanced semiconductor facility in New Mexico, providing capacity for over 600,000 photo layers per month for 65nm power management and RF chips.

- Type: Partnership
- Announced: 2023-09-05
- Where: New Mexico, United States
- Value: $300.0M
- Status: announced
- Capacity: 600,000 photo layers per month
- Products: power management chips, radio frequency chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [theglobeandmail.com](https://www.theglobeandmail.com/investing/markets/stocks/TSEM/pressreleases/20012562/intel-foundry-teams-up-with-tower-semiconductor-after-failed-acquisition/), 2023-09-06: "Tower will invest up to $300 million to acquire and install equipment and other fixed assets in Intel's advanced semiconductor 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.