TowerJazz, ON Semiconductor collaborate on advanced product for display panels TowerJazz (TSEM) announced a collaboration with ON Semiconductor (ONNN) to deliver an advanced programmable PMIC and high voltage level shifter with VCom targeting the high-end display panel market. The device will be used for applications such as different sizes of LCD and AMOLED panels.
TowerJazz to acquire Maxim Integrated facility in San Antonio TowerJazz (TSEM) has signed an agreement with Maxim Integrated (MXIM) to purchase Maxim's 8-inch fabrication facility in San Antonio, Texas. The proposed purchase will expand TowerJazz's current worldwide manufacturing capacity, cost-effectively increasing production by approximately 28K wafers per month. TowerJazz and Maxim expect to close the transaction in January 2016. As part of the transaction, the companies have also signed a long-term supply agreement for TowerJazz to manufacture products for Maxim in the San Antonio facility. The transaction is to be paid with TSEM ordinary shares with a total value of approximately $40M. All of the site's nearly 500 employees will be retained.