InfoAnda - Tower Semi gets more deals in South Korea -report

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Tower Semi gets more deals in South Korea -report Reuters - Wednesday, September 9 TEL AVIV, Sept 8 - Israeli chip maker Tower Semiconductor Ltd <TSEM.O><TSEM.TA> has signed three additional contracts in South Korea that have not yet been disclosed, the Globes financial news website reported on Tuesday. ADVERTISEMENT The company will announce one of them shortly, but not the other two because the customers wish to keep the details confidential, Globes said. A Tower spokeswoman declined to comment on the report but confirmed that Tower Chief Executive Russell Ellwanger was recently in South Korea. Last month the company announced new contracts with South Korea-based Dongwoon Anatech and Taejin Technology Co. [ID:nL5219966] Globes said the size of the new contracts was difficult to estimate but cited sources as saying Tower's sales in South Korea are expected to rise to tens of millions of dollars a year by 2012, from $2 million in 2008. This would turn South Korea into Tower's second largest market, in terms of sales, after the United States. Tower's shares were up 4.05 percent to 3.75 shekels at midday, well ouptacing gains in the broader market. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Business Sector Snap: Airlines shrug off oil price jumpAP - 1 hour 50 minutes ago Indian, Malaysian consortium to buy Zain stake-KharafiReuters - 1 hour 59 minutes ago Libya's Ghanem not expected to attend OPEC meetingReuters - 2 hours 7 minutes ago Treasury prices drop slightly as stocks riseAP - 2 hours 9 minutes ago Madoff feeder fund settles with MassachusettsReuters - 2 hours 11 minutes ago Most Popular – Business Viewed New Alzheimer's gene link discovered RBS close to selling off Asian assets: report Hershey considers rival Cadbury bid: report Economy outlook "better" than expected: bankers Giant statues reveal red hat secrets: study View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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