The partnership underscores Intel's dedication to expanding its foundry services and manufacturing capabilities while positioning Tower for substantial growth. Per the agreement, Tower will utilize Intel's advanced manufacturing facility in New Mexico. With an investment of up to $300 million in equipment and assets, Tower aims to create a capacity corridor capable of supporting its customers' rising demand for 300mm advanced analog processing. The agreement was signed following Intel's termination of the deal to acquire Tower Semiconductor owing to a delay in regulatory approvals. These are likely to be reflected in the upcoming results.