TowerJazz Receives Supplier Excellence Award from MACOM

  TowerJazz Receives Supplier Excellence Award from MACOM

    Recognized for continued support, partnership commitment and delivery
                                 performance

Business Wire

NEWPORT BEACH, Calif. -- April 10, 2014

TowerJazz, the global specialty foundry leader, today announced it has
received the 2013 Supplier Excellence Award from M/A-COM Technology Holdings
Solutions Inc. (MACOM), a leading provider of high performance analog
semiconductor solutions for use in wireless and wireline applications across
the radio frequency (RF), microwave and millimeter wave spectrum. In 2013,
MACOM acquired Mindspeed Technologies, Inc., a leading supplier of
semiconductor solutions for communications infrastructure applications, which
has been a TowerJazz customer for over 10 years. This award recognizes the
foundry’s continued support, partnership commitment and delivery performance
to Mindspeed and now MACOM.

MACOM utilizes a broad range of TowerJazz’s specialty process offerings such
as mixed-signal/CMOS, RF CMOS, BiCMOS and SiGe BiCMOS, including SBC18H2 and
SBC18H3 advanced nodes, to develop a variety of products such as cross point
switches, TIAs, laser drivers, CDRs, PAs and equalizers.

“Mindspeed has been a long time customer of TowerJazz and we are extremely
pleased to continue addressing it and MACOM’s next-generation technology needs
year after year to manufacture their leading-edge devices,” said Todd Mahlen,
TowerJazz Vice President of North American Sales. “This award demonstrates our
commitment to partnering with our customers and providing leading edge
technology to enable their new products and consistently support their on-time
delivery needs. In addition, this is confirmation of our worldwide
manufacturing excellence while providing the best technical and design
solutions for our customers’ specific needs.”

About TowerJazz

Tower Semiconductor Ltd. (NASDAQ: TSEM) (TASE: TSEM), its fully owned U.S.
subsidiary Jazz Semiconductor, Inc. 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 four in Japan (three of which are through a joint
venture with Panasonic Corporation). 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:
Lauri Julian, 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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