The deal will generate revenues of approximately $35 million, which are incremental to TowerJazz’s revenues from its existing manufacturing facilities. This agreement allows TowerJazz to realize profits and cash generation from its valuable manufacturing expertise and its skilled engineering manpower.
“This project represents another notable acknowledgement of our worldwide manufacturing expertise and capabilities,” said Mr. Russell Ellwanger, CEO of TowerJazz. “It is a special business model providing revenue and profit upside incremental to our base financial model.”
• Increase in opportunities predicted for high-speed optical transceivers and miniaturized connectivity solutions to address…
Rebellions Selects Alphawave Semi's Multiprotocol Chiplet Solutions To Deliver Breakthrough Performance in Generative AI workloads…
Valeo, a leading automotive technology company, and ROHM Semiconductor, a major semiconductor and electronic component…
Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) introduces the EiceDRIVER™ Power 2EP1xxR family of…
Next level monitoring precision of particulate matter, temperature, humidity, and total volatile organic compounds (TVOCs)…
Plans to Deliver Advanced Threat Intelligence within its Attack Surface and Third-Party Risk Solutions Bitsight,…