Intel Foundry Services and Tower Semiconductor join hands for new foundry agreement
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Intel Foundry Services, part of Intel (NASDAQ:INTC) and Tower Semiconductor (NASDAQ:TSEM) entered into an agreement whereby Intel (INTC) will provide foundry services and 300mm manufacturing capacity to help Tower (TSEM) serve its customers globally.
Under the agreement, Tower (TSEM) will utilize Intelâs advanced manufacturing facility in New Mexico.
Tower (TSEM) will invest up to $300M to acquire and own equipment and other fixed assets to be installed in the New Mexico facility, providing a new capacity corridor of over 600,000 photo layers per month for Towerâs future growth, enabling capacity to support forecasted customer demand for 300mm advanced analog processing.
This agreement enables IFS to access corridors of manufacturing capacity across Intelâs (INTC) global factory network, including in the U.S., Europe, Israel and Asia.

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