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Stock impact report

TowerJazz announces milestone payment for Chinese fab; shares up 8% [Seeking Alpha]

Tower Semiconductor Ltd. - Ordinary Shares (TSEM) 
Last tower semiconductor ltd. - ordinary shares earnings: 2/18 04:06 am Check Earnings Report
US:NASDAQ Investor Relations: ir.towerjazz.com
Company Research Source: Seeking Alpha
TowerJazz (NASDAQ: TSEM ) and Tacoma Technology announce that Tower has received an initial $18M payment related to the establishment of an 8-inch semiconductor fabrication facility in China. The payment renders the phase one agreement binding.  TowerJazz will provide the tech with operational and integration consultation for the facility and will receive additional milestone payments over the coming years.  Press release   TowerJazz shares are   premarket.     Now read: TSMC: Still Looking Good For The Long Haul » Show less Read more
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