Tower bids to build 300-mm wafer fab in India

Peter Clarke, EETimes
2/16/2012 7:56 AM EST

LONDON – Tower Semiconductor Ltd., an Israel-based foundry chipmaker that trades under the name TowerJazz, has said it has signed a binding memorandum of understanding with an unnamed Indian infrastructure company, to build and operate a 300-mm wafer fab in India.

According to reports, Tower (Migdal Haemek, Israel) will contribute to a consortium by providing know-how rather than cash.

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