Tower Semiconductor company started out as a manufacturing plant for National Semiconductor in Migdal Haemek, Israel.
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The investment came from Israel Corporation, a government grant of $ 250 million and $550 million credit from Bank Leumi and from Bank Hapoalim total .
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The plant was established by the initiative of Israel engineer Dr. Giora Yaron, who began working as a physicist at the head office of National Semiconductor in Santa Clara, California in 1979, and persuaded the management to invest in Israel.
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