National extends foundry pact with Tower for two years

National extends foundry pact with Tower for two years
By Semiconductor Business News
April 27, 2000 (4:05 p.m. EST)
URL: http://www.eetimes.com/story/OEG20000427S0037

MIGDAL HAEMEK, Israel--Tower Semiconductor Ltd. here today announced it has extended a silicon foundry agreement with National Semiconductor Corp. for two years and will provide the U.S. chip company with core CMOS and nonvolatile memory technologies.

U.S. sales director Doron Simon at Tower said the agreement "demonstrates a vote of confidence" in the Israeli foundry company.

In recent years, Tower has been struggling with losses, but the Israeli foundry supplier hopes to turn around its business in 2000. A new technology agreement with Toshiba Corp. of Japan has been struck by Tower several weeks ago in an attempt to gain advanced CMOS logic technology needed for a long-planned second wafer fab (see April 3 story).