TowerJazz to Establish New Sales and Support Office in Kyoto, Japan

  TowerJazz to Establish New Sales and Support Office in Kyoto, Japan

New office to support local Japanese business and activities including venture
with TowerJazz Panasonic Semiconductor Company, increased capacity and growing
                           activity in APAC region

Business Wire

MIGDAL HAEMEK, Israel & KYOTO, Japan -- July 1, 2014

TowerJazz, the global specialty foundry leader, today announced the opening of
a new sales and support office in Japan. The office is situated in Kyoto and
will be the central base of Japanese sales, technical support and other
services, including integrating some of the interface activities of the newly
established TowerJazz Panasonic Semiconductor Company (TPSCo), of which Tower
Semiconductor Ltd. has the majority holding. The forming of TPSCo has enabled
the company increased capacity and offerings in advanced geometries including
leading edge 45nm CMOS, 65nm RF CMOS and 65nm 1.12um pixel technologies. With
a strong and growing customer base across Asia, TowerJazz is continuing to
expand its presence in this region, which includes current offices in Korea,
China and Taiwan.

“We are very excited to announce the opening of our new office in Japan,” said
Dani Ashkenazi, TowerJazz Vice President of Sales for APAC & Israel. “Local
sales and technical support teams are important in building ‘close to the
customer’ relationships and aligning on roadmaps and strategy with our
Japanese and APAC customers. Additionally, our new Japan office will help
support the increased business and manufacturing activity enabled through the
additional capacity and advanced technological offerings at TPSCo. We will
continue providing resources and technical expertise in this area as our
customer base grows.”

Location of new sales office:

Tower Semiconductor Japan Godo Kaisha

Nagaokakyo office: 1, Yakimachi, KotariNagaokakyo, Kyoto 617-0833. Japan

Tokyo Office: Omodaka building 4F 1-9-7 Shibaura, Minato-ku, Tokyo 105-0023,
Japan

About TowerJazz

Tower Semiconductor Ltd. (NASDAQ: TSEM)(TASE: TSEM) and its fully owned U.S.
subsidiary Jazz Semiconductor, Inc. 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, RF CMOS, CMOS Image
Sensor, integrated Power Management (BCD & 700V), and MEMS. TowerJazz also
provides a world-class design enablement platform for a quick and accurate
design cycle as well as Transfer Optimization and development Process Services
(TOPS) to IDMs and fabless companies that need to expand capacity.

To provide multi-fab sourcing and extended capacity for its customers,
TowerJazz operates two manufacturing facilities in Israel (150mm & 200mm), one
in the U.S. (200mm) and three additional facilities in Japan (two 200mm and
one 300mm) through TowerJazz Panasonic Semiconductor Company (TPSCo),
established with Panasonic Corporation of which TowerJazz has the majority
holding. Through TPSCo, TowerJazz provides leading edge 45nm CMOS, 65nm RF
CMOS and 65nm 1.12um pixel technologies. 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/Investor Relations Contact:
Noit Levi, +972-4-604-7066
noit.levi@towerjazz.com
or
Asia Company/Media Contact:
Shoko Saimiya, 81-795-23-6609
saimiya@towerjazz.com
 
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