TowerJazz and Avago Expand Strategic Collaboration

  TowerJazz and Avago Expand Strategic Collaboration

 Collaboration to focus on Avago’s next-generation products using TowerJazz’s
               industry leading SiGe BiCMOS technology platform

OFC/NFOEC 2013

Business Wire

ANAHEIM, Calif. -- March 21, 2013

OFC/NFOEC – TowerJazz (NASDAQ: TSEM)(TASE: TSEM), the global specialty foundry
leader, and Avago Technologies (NASDAQ: AVGO), a leading supplier of analog
interface components for wireless, wireline, and industrial applications,
today announced an expanded strategic collaboration focusing on Avago’s next
generation products using TowerJazz’s industry leading SiGe BiCMOS technology
platform. Continued collaboration shall enable Avago Fiber Optic Products
Division (FOPD) to achieve the stringent technical specifications and meet
cost and performance requirements for optical networking markets while helping
TowerJazz to define and develop its next-generation process technologies.

The technology collaboration between TowerJazz and Avago FOPD has resulted in
Avago’s recent successful launch of the Gen4SR product, a 10Gbps small form
factor pluggable optical transceiver (SFP) for short reach applications. By
collaborating with TowerJazz, Avago has unlimited access to TowerJazz’s
optimized SiGe BiCMOS technology based on both the SBC18H2 process with
transistor speeds of 200GHz and H3 process with transistor speeds of 280GHz
together with mixed-signal CMOS.

“TowerJazz’s advanced technology enables Avago Technologies to define and
develop a plethora of new products, increasing our market share with existing
and new customers. Avago’s 10Gbps SFP+ chipset is the first product released
deploying TowerJazz’s technology. Our collaboration with TowerJazz using their
high performance SiGe BICMOS will enable us to develop the highest performance
and the lowest power ICs for Avago’s next generation optical transceivers
beyond 10Gbps,” said Dr. Faouzi Chaahoub, Senior Director of R&D, IC
Engineering Fiber Optic Products Division (FOPD) Avago Technologies.

“We are fortunate to have a technology partner such as Avago FOPD who
continually pushes the technology envelope and drives TowerJazz to
excellence,” said Marco Racanelli, Senior Vice President & General Manager of
RF/High Performance Analog Business Unit. “Our high performance SiGe is
uniquely positioned in the fiber optic space where we offer customers the
highest speed, lowest power consumption and lowest noise SiGe transistors
integrated in analog-friendly 0.18um and 0.13um nodes.”

About Avago Technologies
Avago Technologies is a leading designer, developer and global supplier of a
broad range of analog, mixed signal and optoelectronics components and
subsystems with a focus in III-V compound semiconductor design and processing.
Backed by an extensive portfolio of intellectual property including
approximately 4,200 patents and pending applications, Avago products serve
three primary target markets: wireless communications, wired infrastructure,
and industrial and other. Avago has a global employee presence and heritage of
technical innovation dating back 50 years to its Hewlett-Packard roots. For
more information, visit Avago’s website: www.avagotech.com.

Avago, Avago Technologies, and the A logo are trademarks of Avago
Technologies. All other trademarks are the property of their respective
owners.

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 Contact:
Lauri Julian, +1 949-715-3049
lauri.julian@towerjazz.com
or
Investor Relations Contact:
Noit Levi, +972-4-604-7066
noit.levi@towerjazz.com
 
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