Tower, Siliconix forge foundry deal

January 9, 2004 – Chipmaker Siliconix has awarded a $200 million multiyear contract to Tower Semiconductor, Migdal Haemek, Israel.

According to the Jerusalem Post, Siliconix will receive wafers from Tower’s old Fab 1 facility over a 7-10 year period. Of the contract, $53 million is guaranteed over a three-year period starting a year into the contract. Siliconix also will offer $20 million up front for Tower to purchase additional equipment.


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