FleX Silicon-on-Polymer Available with TowerJazz CMOS Process

        FleX Silicon-on-Polymer Available with TowerJazz CMOS Process

Advanced Foundry Processes Transform Standard Silicon Wafers to Create
Physically Flexible ICs

PR Newswire

BOISE, Idaho and NEWPORT BEACH, California, January 31, 2013

BOISE, Idaho and NEWPORT BEACH, California, January 31, 2013 /PRNewswire/ --

American Semiconductor, Inc. announces TowerJazz, the global specialty foundry
leader, is the first foundry with a CMOS process (CS18) available for
physically flexible wafers and integrated circuits (ICs) utilizing FleX™
Silicon-on-Polymer.™ This announcement was made at the 12th annual Flexible &
Printed Electronics Conference presented by the FlexTech Alliance being held
in Phoenix, Arizona on January 29 - February 1, 2013.

 (Logo: http://photos.prnewswire.com/prnh/20120509/531192 )

FleX Silicon-on-Polymer is American Semiconductor's process for transforming
standard silicon wafers into flexible wafers that can be bent, conformally
mounted to non-flat surfaces, and integrated with printed electronics to
create flexible hybrid systems. "FleX has been successfully demonstrated in
various prototype processes," said Rich Chaney, General Manager of American
Semiconductor. "Partnering with TowerJazz to release FleX with their foundry
CS18 process will greatly expand the availability of flexible ICs and is a
benefit to the flexible electronics community."

"FleX is a post-fabrication process that can be applied to our production SOI
technology making it possible to turn any product into a flexible die helping
our customers create new, differentiated solutions," said Dr. Marco Racanelli,
Sr. Vice President of TowerJazz. "We are excited to partner with ASI and look
forward to jointly participating in the growth of this new market."

American Semiconductor offers full support for FleX IC and flexible hybrid
system development. This includes IC design support for all TowerJazz CMOS
processes, including CS18-FleX. Design support is available for full custom IC
design, IP development or integration, or any part of the design flow which a
customer might want assistance with. Engineering support for flexible hybrid
systems includes printed electronics design and fabrication, FleX integration,
and prototype development.

FleX is compatible with printed electronics to create flexible hybrid systems
that enable new innovation in many applications including conformal and
structurally integrated antennas, structural health monitoring for automotive
and aerospace, and flexible consumer electronics.

About American Semiconductor

American Semiconductor, Inc. is the industry leader in flexible integrated
circuits and flexible hybrid systems development as well as a services
provider to create flexible ICs. As an on-shore, ITAR compliant, flexible
products and services provider, American Semiconductor supports all aspects of
flexible design and processing. Services include FleX™ Silicon-on-Polymer™
technology and design engineering including design, verification, layout, and
test. Visit us at http://www.americansemi.com.

American Semiconductor Inc., the American Semiconductor logo, FleX,
Silicon-on-Polymer, are trademarks of American Semiconductor, Inc. 

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

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.

American Semiconductor Contact: Rich Chaney | +1-208-336-2773 |

TowerJazzMedia Contact: Lauri Julian | +1-949-435-8181 |

TowerJazz Investor Relations Contact: Noit Levi | +972-4-604-7066 |

SOURCE TowerJazz
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