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This agreement shows how IFS enables access to corridors of manufacturing capacity across Intel’s global factory network, including in the U.S., Europe, Israel and Asia Intel Foundry Services (IFS) and Tower Semiconductor, a foundry for analog semiconductor solutions, today announced an agreement where Intel will provide foundry services and 300mm manufacturing capacity to help Tower serve its customers globally.

Following the cancelled deal between Intel and Tower Semiconductor, a deal which would have created a new foundry giant, the companies have reached a new deal – a deal to cooperate.

Tower Semiconductor will invest up to $300 million to acquire and own equipment and other fixed assets in the deal.

Intel's advanced 300mm manufacturing facility in New Mexico to provide new capacity corridor for Tower, helping fuel future growth. Intel Foundry Services (IFS) and Tower Semiconductor (NASDAQ:TSEM), a leading foundry

Following Intel's acquisition of Tower Semiconductor falling through due to failing to obtain all the necessary regulatory approvals, Intel and Tower today announced a foundry agreement.