Tower Semiconductor receives investment

August 25, 2003 – Tower Semiconductor, Migdal Haemek, Israel, says it has received $2.5 million from wafer and financial partners towards its Fab 2 project, and received a commitment for another $20.4 million. Under the financing deal, Tower will distribute over 800,000 shares of stock among SanDisk, Alliance Semiconductor, Macronix, and Israel Corp. To date, Tower’s partners have invested a total of $276.2 million out of a promised $305 million.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.