Market research firm, Mobile Experts forecasts RF front-end
component market size to reach $8.9B in 2014, rising rapidly to over
$13B in 2018
MIGDAL HAEMEK, Israel--(BUSINESS WIRE)--Aug. 26, 2014--
TowerJazz
(NASDAQ: TSEM) (TASE: TSEM), the global specialty foundry leader,
announced today that it has qualified Migdal HaEmek (Fab 2) capacity for
RF SOI switch and bulk CMOS controller process platforms to augment its
existing factory in Newport Beach, CA and support the growing demand for
RF front-end modules. The move has more than doubled the company’s total
wafer capacity for these technologies while providing flexible dual
sourcing capability to its customers. To date, over 30 products have
been taped out to Migdal HaEmek and initial wafer production has begun.
The product pipeline remains strong and is now feeding both of these
factories. The R&D effort has also been expanded with an R&D team
established at each site to take advantage of local talent accelerating
the roadmap and ensuring TowerJazz continues to provide its customers a
technology advantage in addition to increased supply flexibility.
TowerJazz’s SOI technology (CS18) offers industry leading insertion
loss, isolation and harmonics necessary to support current and future
generations of RF products. CS18 together with its CMOS controller
technology (CA18) also offer enabling features such as dense digital
libraries, MIM capacitors, inductors, multiple resistors, eFuse, and
best in class process design kits (PDKs) to ensure first-time success.
Mobile Experts, a market research firm for mobile communications,
forecasts the RF front-end component market size to reach $8.9 billion
in 2014, rising rapidly to over $13 billion in 2018. Rapid proliferation
of smartphones along with increasing RF data paths per phone is
primarily driving this exceptional market growth. TowerJazz’s high
performance RFCMOS (both bulk and SOI) and SiGe BiCMOS technologies are
ideally suited to benefit from this global trend.
“Seemingly insatiable demand for RF silicon content in smartphones and
Internet of Things (IoT) enabled devices is fueling the demand for our
RF technologies and we are excited to meet this growing demand by
opening an additional factory to this product line,” said Dr. Marco
Racanelli, Sr. VP & GM of TowerJazz’s RF/High Performance Analog
Business Group. “We continue to invest heavily in R&D efforts. Having
established a second RF R&D team in Migdal HaEmek allows us to provide
leap frog technology platforms in accelerated time lines. The
qualification of an additional site for wafer production has not only
doubled our manufacturing capacity, but also added regional diversity
for customer assurance and business continuity planning. Two site
development and manufacturing also enables quick and seamless production
ramp of the locally developed platforms.”
About TowerJazz
Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM) and its fully owned
U.S. subsidiary Jazz Semiconductor, Inc. operate collectively under the
brand name TowerJazz, the global specialty foundry leader. TowerJazz
manufactures integrated circuits, offering a broad range of customizable
process technologies including: SiGe, BiCMOS, mixed-signal/CMOS, RF
CMOS, CMOS image sensor, integrated power management (BCD & 700V), and
MEMS. TowerJazz also provides a world-class design enablement platform
for a quick and accurate design cycle as well as Transfer Optimization
and development Process Services (TOPS) to IDMs and fabless companies
that need to expand capacity.
To provide multi-fab sourcing and extended capacity for its customers,
TowerJazz operates two manufacturing facilities in Israel (150mm &
200mm), one in the U.S. (200mm) and three additional facilities in Japan
(two 200mm and one 300mm) through TowerJazz Panasonic Semiconductor
Co. (TPSCo), established with Panasonic Corporation of which
TowerJazz has the majority holding. Through TPSCo, TowerJazz provides
leading edge 45nm CMOS, 65nm RF CMOS and 65nm 1.12um pixel technologies.
For more information, please visit www.towerjazz.com.
Safe Harbor Regarding Forward-Looking Statements
This press release includes forward-looking statements, which are
subject to risks and uncertainties. Actual results may vary from those
projected or implied by such forward-looking statements. A complete
discussion of risks and uncertainties that may affect the accuracy of
forward-looking statements included in this press release or which may
otherwise affect TowerJazz’s business is included under the heading
"Risk Factors" in Tower’s most recent filings on Forms 20-F, F-3, F-4
and 6-K, as were filed with the Securities and Exchange Commission (the
“SEC”) and the Israel Securities Authority and Jazz’s most recent
filings on Forms 10-K and 10-Q, as were filed with the SEC,
respectively. Tower and Jazz do not intend to update, and expressly
disclaim any obligation to update, the information contained in this
release.
Source: TowerJazz
TowerJazz Company Contact:
Lauri Julian, +1 949 435 8181
lauri.julian@towerjazz.com
or
TowerJazz
Investor Relations Contact:
Noit Levi, +972-4-604-7066
noit.levi@towerjazz.com