Tower Inks $35M Deal With Semiconductor Laboratory

December 23, 2015 | Israeli semiconductor giant, TowerJazz has signed a three year agreement with Semiconductor Laboratory, an Indian government owned institute, responsible for design and development of very-large-scale integration (VLSI) devices and development of systems for telecommunication and space sectors. Under the terms, Tower will provide support to help establish the Laboratory’s wafer reclaim capabilities and provide training on the establishment of chemical lab capabilities. The deal will generate revenues of approximately $35 million, which are incremental to TowerJazz’s revenues from its existing manufacturing facilities.