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Electronics Production | July 05, 2007

Tower needs an additional $80m

Israeli based chip producer Tower Semiconductor needs an additional $80m in order to ramp up its production.
In order to ramp up its production to maximum capacity Tower Semiconductor revealed in its F-20 filing with the US Securities and Exchange Commission (SEC), that the company needs a further of $80 million in financing.

Last month the company raised $40 million from Israeli institutional investors, to help it increase its production capacity, Globes reports.

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