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.


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