# Intel and Tower Semiconductor agree to foundry services and investment deal

Intel and Tower Semiconductor agreed that Intel will provide foundry services and 300mm manufacturing capacity to Tower, including manufacturing Tower's 65nm power management flows at Intel's Fab 11X in Rio Rancho, New Mexico. Tower will invest $300 million to acquire equipment for its own New Mexico facility.

- Type: Contract
- Announced: 2023-09-13
- Where: Rio Rancho, New Mexico, United States
- Value: $300.0M
- Status: announced
- Capacity: more than 600,000 photo layers per month
- Products: 65-nanometer power management bipolar-CMOS-DMOS chips, 300mm advanced analog processing
- 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) (customer)

## Sources

- [windowscentral.com](https://www.windowscentral.com/hardware/intel-didnt-purchase-tower-continues-collaborative-300mm-production), 2023-09-13: "This collaboration with Intel allows us to fulfill our customers’ demand roadmaps, with a particular focus on advanced power management and radio frequency silicon on insulator (RF SOI) solutions, with full process flow qualification planned in 2024."

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