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Tower Semi in talks to buy AMD equipment -paper

Tue Jun 5, 2007 4:59am EDT

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JERUSALEM, June 5 (Reuters) - Tower Semiconductor Ltd. (TSEM.TA) (TSEM.O), an Israel-based contract maker of microchips, is in talks with Advanced Micro Devices Inc. (AMD.N) to buy $80 million worth of equipment, the Yedioth Ahronoth daily reported on Tuesday.

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Tower would use the equipment to help boost production at its Fab 2 plant to 35,000 silicon wafers a month from 24,000, the newspaper said.

Tower also intends to raise $40 million in a bond offering to Israeli institutional investors, the paper said.

Tower officials declined to comment.

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