California Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd. is a pivotal legal contract that establishes a collaboration framework and outlines the terms and conditions for a strategic partnership between these three entities. This agreement lays the foundation for a successful business relationship, providing clarity on their roles, responsibilities, and shared goals. The California Agreement encompasses various aspects, such as technology sharing, joint development efforts, intellectual property rights, and financial arrangements. It outlines the rights and obligations of each party, ensuring a fair and equitable distribution of resources, risks, and rewards. This collaboration agreement recognizes the expertise and capabilities of Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd. in their respective fields. By leveraging their combined strengths, they aim to enhance their competitive positioning and capitalize on emerging opportunities in the technology industry. Key provisions within the agreement include the following: 1. Technology Sharing: The parties agree to exchange technical know-how, research findings, and technological advancements to foster innovation and accelerate product development. This collaboration facilitates the exchange of information and expertise, enabling all parties to stay at the forefront of technological advancements. 2. Joint Development: The agreement outlines the terms and conditions for joint research and development projects. By pooling their resources, the parties can create cutting-edge products and solutions that address market needs and drive industry growth. The agreement outlines the responsibilities for project management, resource allocation, and decision-making processes. 3. Intellectual Property Rights: To protect the interests of all parties, the agreement addresses the ownership, protection, and licensing of intellectual property developed jointly or individually during the collaboration. It outlines the rules and procedures for patent filings, copyrights, trade secrets, and confidentiality, ensuring that proprietary information remains secure and properly utilized. 4. Financial Arrangements: The agreement covers financial matters, including funding allocation, cost-sharing mechanisms, revenue sharing, and profit distribution. It lays out the financial responsibilities of each party and establishes a framework for fair and transparent financial dealings. Note: While the California Agreement between Data Systems and Software, Inc., Israel Corp., Ltd., and Tower Semiconductor Holdings 1993, Ltd. may not have multiple types, it can be customized to reflect the specific needs and objectives of the involved parties in different instances.
California Agreement between Data Systems and Software, Inc., Israel Corp., Ltd. and Tower Semiconductor Holdings 1993, Ltd.
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Director, CEO Russell C. Ellwanger has served as our Chief Executive Officer since May 2005. Mr. Ellwanger has also served as a director since September 2016, and previously served as a director between May 2005 and April 2013.
What We Do. Tower Semiconductor, the leading foundry of high value analog semiconductor solutions, specializes in manufacturing analog integrated circuits for more than 300 customers worldwide in growing markets such as automotive, medical, industrial, consumer and aerospace and defense, among others.
Intel on Wednesday terminated its acquisition of Israeli chipmaker Tower Semiconductor, saying it failed to get the required regulatory approval. The U.S. chip giant will pay a termination fee of $353 million to Tower. Intel announced plans to buy Tower in February 2022 for $5.4 billion.
Where is Tower Semiconductor located? Tower Semiconductor's worldwide headquarters are located in Migdal Haemek (MH), Israel.
Intel announced today (Aug. 16) it has terminated the $5.4 billion acquisition of Israeli contract chipmaker Tower Semiconductor. Under the terms of the merger agreement, Intel will pay Tower Semiconductor a reverse termination fee of $353 million.