Breaking

Russian International Reserves Fall $15.7 Billion in Week to Dec. 19
Tweet TWEET

TowerJazz Announces the Creation and Accreditation of Jazz Semiconductor Trusted Foundry

  TowerJazz Announces the Creation and Accreditation of Jazz Semiconductor
  Trusted Foundry

Expands support for the US Aerospace and Defense market in its Newport Beach,
                                 CA facility

Business Wire

NEWPORT BEACH, Calif. -- August 28, 2013

Jazz Semiconductor Inc., a fully owned U.S. subsidiary of Tower Semiconductor
Ltd., has announced the accreditation for trusted status of Jazz Semiconductor
Trusted Foundry (JSTF), a wholly-owned subsidiary of Jazz Semiconductor, Inc.
JSTF has been accredited as a Category 1A Trusted Supplier by the United
States Department of Defense (DoD) as a provider of trusted semiconductors in
critical defense applications. JSTF joins a small list of companies accredited
by the DoD Trusted Foundry Program, established to ensure the integrity of the
people and processes used to deliver national security critical
microelectronic components, and administered by the DoD’s Defense
Microelectronics Activity (DMEA).

The creation and accreditation of JSTF will help broaden existing business
relationships previously disclosed with major defense contractors such as
Raytheon, Northrop Grumman, BAE Systems, DRS, Alcatel-Lucent, and L-3
Communications.

TowerJazz CEO Russell Ellwanger stated, "TowerJazz has an intrinsic culture of
community service at all of our sites, ranging from a focus on male/female
employment and management ratio equality to minority population integration
into the work force, and educational and vocational development of populations
that otherwise have limited exposure to opportunities. In the United States
there was no 'pure play' trusted foundry capability available. Our aerospace
and defense customers asked that we would go this route to enable them greater
freedom to serve their great country's needs; a country that stands as a
banner for democratic process throughout the world. Primarily for this
purpose, we went beyond our initial commitment to the US State Department to
continue support of our ITAR customers and engaged in rounds of discussion
with the US Department of Defense toward participation in the Trusted program
in our Newport Beach facility. And, as in all activities where one serves
purposes of great principle, it is also good business."

By achieving Trusted status, TowerJazz continues to demonstrate its ongoing
commitment to its aerospace and defense customers as well as with capacity
expansion and new technologies at its US facility with leadership in areas
such as high-speed SiGe, Readout Integrated Circuits (ROICs), imaging, and
MEMS.

“Specific recent activities to further support our customers include a
long-term lease extension and implementation of new technology focused on the
aerospace and defense market, including CMOS image sensors and ROICs for IR
sensors,” stated Mike Scott, Director – TowerJazz Aerospace and Defense
Business Unit.

“Jazz Semiconductor Trusted Foundry is proud to join the DoD Trusted Foundry
Program to enable trusted access to a broad range of on-shore technologies and
manufacturing capabilities,” said Scott Jordan, President, JSTF. “The
accreditation process adds trust to the existing quality and security systems,
improving our level of service to our military and defense customers.”

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, offering a broad range of customizable process technologies
including: SiGe, BiCMOS, Mixed-Signal/CMOS, RFCMOS, CMOS Image Sensor, Power
Management (BCD), and MEMS capabilities. TowerJazz also provides a world-class
design enablement platform that enables a quick and accurate design cycle. In
addition, TowerJazz provides (TOPS) Transfer Optimization and development
Process Services to IDMs and fabless companies that need to expand capacity.
TowerJazz offers multi-fab sourcing with two manufacturing facilities in
Israel, one in the U.S., and one in Japan. 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
 
Press spacebar to pause and continue. Press esc to stop.