21 November 2011

TowerJazz signs MOU for process transfers and projects in India and Brazil

Specialty foundry TowerJazz (which has fabrication plants at Tower Semiconductor Ltd in Migdal Haemek, Israel, and at its subsidiaries Jazz Semiconductor in Newport Beach, CA, USA and TowerJazz Japan Ltd) has signed a non-exclusive memorandum of understanding (MOU) with a European entity to seek process transfer opportunities and projects in India and Brazil. TowerJazz will supply training, manufacturing know-how, project management and technical support, and its partner will supply the intellectual property licenses, supporting services and training.

TowerJazz regards the Indian and Brazilian semiconductor markets to be among the highest growth potential markets in the world, and decided to join efforts with what it describes as a “world leader in nanoelectronics research” to collaborate on technology transfer to support this growing trend. Both India and Brazil are emerging as promising markets in the semiconductor industry. It is estimated that India’s semiconductor market will reach hundreds of billions of dollars by 2020.

TowerJazz and its European partner share more than 15 years of collaboration in various process transfer activities and transactions. The firms have the capabilities to collaborate on all technology nodes ranging from 1 micron to 32nm including micro-electro-mechanical systems (MEMS). Together, they will target Indian and Brazilian fabless companies and integrated device manufacturers (IDMs) with India and Brazil as their end markets.

“We are extremely pleased with this continued alliance with our European partner to bring together the competencies of both companies to engage in project transfer opportunities in growing markets such as India and Brazil,” says TowerJazz’s president Dr Itzhak Edrei. “With our TOPS business unit (Transfer Optimization Process Services), we are well equipped for such activities,” he reckons.

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Visit: www.towerjazz.com

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