TowerJazz Recognized by Skyworks Solutions as 2012 Foundry Supplier of the Year, Receives Quality Iron Man Partner Award

  TowerJazz Recognized by Skyworks Solutions as 2012 Foundry Supplier of the
  Year, Receives Quality Iron Man Partner Award

      Skyworks is a FEM market leader and a top 5 customer of TowerJazz

Business Wire

MIGDAL HAEMEK, Israel & NEWPORT BEACH, Calif. -- March 11, 2013

TowerJazz, the global specialty foundry leader, today announced it has
received the 2012 Foundry Supplier of the Year Award and the Quality Iron Man
Award from Skyworks Solutions, Inc., an innovator of high reliability analog
and mixed-signal semiconductors enabling a broad range of end markets.
TowerJazz has been recognized as the Foundry Supplier of the Year for the
fourth time, providing excellent quality, performance and solid alignment with
Skyworks’ supply chain requirements.

TowerJazz has received significant supplier awards from Skyworks every year
for the past five years – including Foundry Supplier of the Year, Innovation
Partner of the Year, Overall Supplier of the Year, and now Quality Iron Man
Partner of the Year – all signaling TowerJazz and Skyworks’ continued
alignment and growth as long-term partners.

Skyworks utilizes a broad range of TowerJazz’s specialty process offerings
including mixed-signal CMOS, RFCMOS, SiGe BiCMOS, SOI, and BCD
(Bipolar-CMOS-DMOS) to develop a variety of differentiated products across
their target market segments.

“Skyworks is a diversified, fast growing company, and a top five customer of
TowerJazz. It’s very exciting that their product direction is increasingly
using specialty silicon based technologies – effectively more than tripling
our served market over the next several years,” said David Postula, TowerJazz
Vice President of North American Sales. “The fact that we are consistently
honored with awards year after year in various categories validates our
commitment to achieve customer-centric values across the organization. Our
entire team works hard to attentively listen to our customers’ needs and not
only meet, but often times exceed, their expectations. We look forward to
continue achieving high supplier scores by delivering the best possible
quality and service, thereby meeting growing customer needs.”

“Quality is essential for Skyworks and the Iron Man Award clearly demonstrates
our commitment to quality and manufacturing excellence. We work very
diligently toward our goals of zero customer returns, 100% on time delivery,
world-class yields and total customer satisfaction. We are very proud to
receive these awards from Skyworks and be recognized as their Quality
Partner,” said Don Cerney, TowerJazz Vice President of Worldwide Quality and
Reliability.

“We truly appreciate the validation from Skyworks and their confidence in our
technology platforms as we continue to align our roadmaps toward the next
generation needs of all of our key customers, particularly in the fast-growth
area of wireless front-end-modules with our RF SOI and SiGe technologies,”
said Dr. Marco Racanelli, Senior Vice President and General Manager of RF/High
Performance Analog and Power Business Groups at 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.

Contact:

TowerJazz
Company/Media Contact in US:
Lauri Julian, +1 949-435-8181
lauri.julian@towerjazz.com
or
Investor Relations Contact:
Noit Levi, +972-4-604-7066
noit.levi@towerjazz.com
 
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