TowerJazz to supply manufacturing know-how, project management and
technical support; its partner to supply intellectual property licenses
and training
MIGDAL HAEMEK, Israel--(BUSINESS WIRE)--Nov. 17, 2011--
TowerJazz, the global specialty foundry leader, announced today it has
signed a non-exclusive MOU with a European entity to seek process
transfer opportunities and projects in India and Brazil. TowerJazz will
supply training, manufacturing know-how, project management and
technical support and its partner will supply the intellectual property
licenses, supporting services and training.
TowerJazz envisions the Indian and the Brazilian semiconductor markets
to be among the highest growth potential markets in the world, and
decided to join efforts with a world leader in nanoelectronics research
to collaborate in the field of technology transfer to support this
growing trend. Both India and Brazil are emerging as promising markets
in the semiconductor industry. It is estimated that India will be at
hundreds of billions of dollars total semiconductor market by 2020.
TowerJazz and its European partner share over 15 years of collaboration
in various process transfer activities and transactions and have derived
impressive results. The companies have the capabilities to collaborate
on all technology nodes from 1um to 32nm including MEMS. Together, they
will target Indian and Brazilian fabless companies and IDMs with India
and Brazil as their end markets.
“We are extremely pleased with this continued alliance with our European
partner to bring together the competencies of both companies to engage
in project transfer opportunities in growing markets such as India and
Brazil. With our TOPS business unit (Transfer Optimization Process
Services), we are well equipped for such activities and look forward to
winning many more successful projects,” said Dr. Itzhak Edrei, President
of TowerJazz.
About TowerJazz
Tower Semiconductor Ltd. (NASDAQ: TSEM) (TASE: TSEM), its fully owned
U.S. subsidiary Jazz Semiconductor Ltd., and its fully owned Japanese
subsidiary TowerJazz Japan, Ltd., operate collectively under the brand
name TowerJazz, the global specialty foundry leader. TowerJazz
manufactures integrated circuits with geometries ranging from 1.0 to
0.13-micron, offering a broad range of customizable process technologies
including: SiGe, BiCMOS, Mixed-Signal and RFCMOS, CMOS Image Sensor,
Power Management (BCD), and Non-Volatile Memory (NVM) as well as CMOS
and MEMS capabilities. TowerJazz also offers a world-class design
enablement platform that complements its sophisticated technology and
enables a quick and accurate design cycle. In addition, TowerJazz
provides (TOPS) Technology Optimization Process Services to IDMs as well
as fabless companies that need to expand capacity, or progress from an
R&D line to a production line. To provide multi-fab sourcing, TowerJazz
maintains two manufacturing facilities in Israel, one in the U.S., and
one in Japan with additional capacity available in China through
manufacturing partnerships. 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
For TowerJazz:
Company/Media Contact:
Lauri Julian,
949-715-3049
lauri.julian@towerjazz.com
or
Investor
Relations Contact:
Noit Levi, +972 4 604 7066
noit.levi@towerjazz.com