Replies to post #501 on Tower Semiconductor Ltd. (TSEM)

[mrbizzard]

TowerJazz Japan is based on Tower's acquisition of Micron Technology Inc's (NYSE: MU) fab in Nishiwaki in June 2011.

TowerJazz Japan was one of 294 companies that were selected for the program's $2.5 billion budget. METI provides up to one third of a company's capital expenditures and related investment for power and other products. Tower said that it plans to invest tens of millions of dollars in the next two years in its Nishiwaki fab to boost production and qualify its specialized power platform and other technologies to provide local sourcing in Japan and multi-fab sourcing for its customers worldwide. TSEM