A Chip Upstart In Galilee

No freelance chipmaker outside Asia rivals Tower in size

Bankers laughed in 1992, when Yoav Nissan-Cohen and Rafael M. Levin asked for money to buy a National Semiconductor Corp. chip plant in Migdal Ha'emek, Israel, where they worked. They wanted to convert the plant, which National had put up for sale, into a "foundry" that would make chips under contract for other companies.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.