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TowerJazz inks deal to buy Maxim's wafer fab

Posted: 01 Dec 2015 ?? ?Print Version ?Bookmark and Share

Keywords:TowerJazz? wafer? Maxim? analogue? RF-SOI?

TowerJazz has entered an agreement with Maxim Integrated Products, Inc. to purchase Maxim's 8in fabrication facility in San Antonio, Texas, U.S. The deal is expected to boost TowerJazz's global manufacturing capacity, cost-effectively increasing production by nearly 28,000 wafers per month.

The availability of additional capacity is projected to be needed to serve TowerJazz's existing and forecasted robust customer demand. TowerJazz and Maxim expect to close the transaction in January 2016, subject to customary closing conditions.

As part of the transaction, the companies have also signed a long-term supply agreement for TowerJazz to manufacture products for Maxim in the San Antonio facility. The transaction is to be paid with TSEM ordinary shares with a total value of about $40 million.

All of the site's nearly 500 employees will be retained. The headcount consists of production operators, highly experienced production support personnel and process and integration engineers, the majority of which possess graduate degrees.

The facility can support the advanced analogue platforms using geometries down to 130nm and can be used to manufacture other products using TowerJazz's specialty process technologies. TowerJazz plans to quickly qualify its core specialty technologies, including its advanced RF Silicon-on-Insulator (RF-SOI) offering, to serve the substantial growth in demand from its customers.

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