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Tower bags fresh funds for fab expansion

Posted: 15 Jun 2007 ?? ?Print Version ?Bookmark and Share

Keywords:fab? foundry? wafers?

Israeli pureplay foundry Tower Semiconductor Ltd announced it has received orders for approximately $40 million of long-term bonds with an average duration of 5.6 years, from Israeli institutions.

The foundry is currently in the final stages of its Fab 2 manufacturing capacity ramp-up targeting 24,000 wafers per month (WPM). The fresh funding will enable Tower to further expand Fab 2 capacity beyond 24,000 WPM, primarily in advanced technologies (0.13?;m and below).

Tower in April revealed it is in the market for equipment and fabrication facilities that could beef up its capacity, and is looking at late-2008 for the possible rollout of its 90nm services.

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