TowerJazz Buys Maxim’s Texas Factory For $40M

November 19, 2015 | Israeli semiconductor TowerJazz has signed an agreement with Maxim Integrated Products to purchase Maxim’s fabrication facility in San Antonio, Texas for $40 million. The purchase will expand TowerJazz’s worldwide manufacturing capacity by 28,000 wafers per month. As part of the agreement, the companies have also signed a long-term supply agreement for TowerJazz to manufacture products for Maxim in the San Antonio facility. All of the site’s nearly 500 employees, including production operators, production support personnel and process and integration engineers will be retained.