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[Commercial] Tower Semiconductor Solidified By $40 Million In Bonds Jack Browne | ED Online ID #15878 | June 13, 2007
Israel’s independent semiconductor foundry Tower Semiconductor Ltd. has accepted orders from Israeli institutions for approximately $40 million in long-term bonds with an average duration of 5.6 years. The company is currently in the final stages of its Fab2 manufacturing capacity ramp-up to 24,000 wafers per month. This fundraising will enable Tower to further expand its Fab2 capacity beyond such 24,000 level, primarily in advanced technologies (0.13 microns and below), in a cost effective manner that capitalizes on current unique tools acquisition opportunities.
Tower Semiconductor Ltd. (www.towersemi.com)
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