Buffer Inventory. Foundry shall maintain a buffer inventory of at least **** of Contract Wafers for each Company Product based on the then current **** (“Buffer Inventory”). Foundry may ship any Buffer Inventory that has been held by Foundry for more than **** days and invoice Company for the current price for the product so shipped. Foundry shall ship Contract Wafers from Buffer Inventory on an FIFO basis, and shall only invoice Company for such Contract Wafers when shipped to Company.
Appears in 2 contracts
Sources: Master Semiconductor Foundry and Technology Transfer Agreement, Master Semiconductor Foundry and Technology Transfer Agreement (Spansion Inc.)