That's about the same amount of money as we owe them for the failed deal.
https://www.intc.com/news-events/press-releases/detail/1643/intel-foundry-services-and-tower-semiconductor-announce-new
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Intel had a NM layoff in disguise, talked 600 people into going to NM and sold them.
65 NM one off process... this doesn't side like a great deal especially given the weird process nobody else can use,
Compared to the CEO we have a great CFO who worked the deal to keep us afloat!
I noticed the $ were just about the same as the break up fee too. I’m sure that’s not a coincidence. Sounds like a good deal to me.
This is not true. Tower bought wafer starts from Intel. Intel owns the manufacturing.
Looks like we are to little minded to understand these great moves hhh
Interesting ploy to say the least. Tower drops $300 million of their own equipment into an Intel site… no idea how this plays out… many more details to be figured out, I assume…
You are late to the party Pal
It seems like an indirect sale of the Fab right?