Tacoma Technology

Hong Kong-based Tacoma Technology Ltd. partnered with Israeli chipmaker Tower Semiconductor Ltd. to build chip fabrication plants in Nanjing, China, as part of a $3 billion chip manufacturing and design industry park project with the Nanjing Development Zone.

TowerJazz and Tacoma announced a partnership to establish a new 8-inch semiconductor fabrication facility in Nanjing, China. TowerJazz received a first payment of $18 million, rendering phase one of the framework agreement binding.

TowerJazz and Tacoma Technology are creating an industrial park in Nanjing, China, with a budget of $3 billion, including two wafer fabs (200mm and 300mm) managed by TowerJazz, plus packaging, test, and design facilities. A ground-breaking ceremony was held on June 8, 2016.