TowerJazz Expands Presence in China

MIGDAL HAEMEK, Israel & SHANGHAI /BUSINESS WIRE/ -- TowerJazz, a global specialty foundry leader, announced an office opening in Shanghai, China, and the appointment of Lei Qin as China Country Manager to increase business presence and activity in this region. Currently, TowerJazz serves fabless companies in China, providing RF products such as base station, GPS, and others.

TowerJazz is focused on providing increased business and technical support in China to address the growing customer needs in the RF market as well as in power management, CMOS image sensors, MEMS, and other applications. According to the China Semiconductor Industry Association, China's IC market revenues represent 38% of the $102 billion worldwide IC industry market.

"Lei Qin's extensive industry experience in China will help further our business and relationships in this region, extending our offerings in advanced specialty process technologies to enable customers in China to optimize their product performance and power, and win their markets," said Dani Ashkenazi, Vice President of Sales, TowerJazz. "In addition, this newly created role evidences the importance of the China market and demonstrates TowerJazz's commitment to further grow its customer base in China."

Commenting on his appointment, Lei Qin said, "The fabless business in China has grown rapidly and will continue to grow in the future. I am excited to represent the number one worldwide specialty foundry and to work with its strong technical team and leading platform portfolio to gain substantial market share and hence to benefit my country."

About TowerJazz
Tower Semiconductor Ltd., a global specialty foundry leader, and its fully owned U.S. subsidiary Jazz Semiconductor, operate collectively under the brand name TowerJazz, manufacturing integrated circuits with geometries ranging from 1.0 to 0.13 micron. TowerJazz provides industry-leading design enablement tools to allow complex designs to be achieved quickly and more accurately and offers a broad range of customizable process technologies, including SiGe, BiCMOS, mixed-signal and RFCMOS, and CMOS image sensors; power management; and nonvolatile memory, as well as MEMS capabilities. To provide world-class customer service, TowerJazz maintains two manufacturing facilities in Israel and one in the U.S., with additional capacity available in China through manufacturing partnerships.