Tag Archives: Jazz Semiconductor Ltd

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TowerJazz Showcasing Advanced Solutions at Image Sensors Conference in London on March 19-21, 2013

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By Business Wirevia The Motley Fool

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TowerJazz Showcasing Advanced Solutions at Image Sensors Conference in London on March 19-21, 2013


Expanded pixel offering targeting X-ray, high-end photography, industrial and automotive applications

MIGDAL HAEMEK, Israel–(BUSINESS WIRE)– TowerJazz, the global specialty foundry leader, today announced it will participate at the Image Sensors 2013 conference in London to showcase its advanced CMOS image sensor (CIS) solutions and expanded pixel offering for the fast growing X-ray, high-end photography, industrial, and automotive applications. According to Yole Developpement‘s 2012 CMOS image sensor report, the high-end sensors market revenue is predicted to maintain an average annual CAGR of 13%.

TowerJazz offers pixels with improved sensitivity and resolution in NIR (Near Infra-Red) which are attractive for automotive driver assistance sensors and 3D gesture control applications. In addition, the foundry now offers small global shutter pixels on 0.11um CIS hybrid process that includes a thin optical stack solution for improved angular response.

“TowerJazz is the leading specialty foundry serving the majority of Europe for specialty CMOS image sensors and a substantial portion of the US and Asia Pacific. As such, we support our customers’ roadmaps by developing solutions tailored to their needs. Also, we offer production capabilities in three geographical regions which helps mitigate any production risk,” said Dr. Avi Strum, Vice President and General Manager, CMOS Image Sensor Business Unit and Vice President of Sales for Europe. “We expect that high-end photography customers will find the outstanding low levels of defective pixels offered in our facility in Nishiwaki, Japan very attractive for DSLR products.”

TowerJazz is a gold sponsor of IS2013, being held at the Park Plaza Victoria London. For more information please visit www.towerjazz.com or http://www.image-sensors.com/home.aspx.

About TowerJazz

Tower Semiconductor Ltd. (NAS: 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 with geometries ranging from 1.0 to 0.13-micron, offering a broad range of customizable process technologies including: SiGe, BiCMOS, Mixed-Signal and RFCMOS, CMOS Image Sensor, Power Management (BCD), and Non-Volatile Memory (NVM) as well as CMOS and MEMS capabilities. TowerJazz also offers a world-class design enablement platform …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

TowerJazz's Israeli Lender Banks Extend Its Loans' Maturity Dates

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By Business Wirevia The Motley Fool

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TowerJazz’s Israeli Lender Banks Extend Its Loans’ Maturity Dates

2013 and 2014 Principal Payments Will Be Reduced from $105 Million to $30 Million

MIGDAL HAEMEK, Israel–(BUSINESS WIRE)– TowerJazz, the global specialty foundry leader, today announced that its Israeli lender banks have extended its existing loans’ maturity dates, resulting in that 2013 and 2014 principal payments will be reduced from $105 million to $30 million. The outstanding loan of $131 million, which was originally set to be paid starting September 2013, will be payable in 10 quarterly installments, starting on March 2014 and ending on June 2016, with such repayment being made in the following amounts: Two installments of $5 million in March and June 2014, two installments of $10 million in September and December 2014, two installments of $15 million in March and June 2015, three installments of $20 million in September 2015, December 2015 and March 2016, and a final installment of $11 million due June 2016.

The agreement with the banks also contains a mechanism for prepayment of principal based on amounts that the company may raise from new funding sources, as well as updated covenants and financial ratios which align with the company’s updated business plan.

“We are pleased to work with banks, who in addition to being debt holders are significant stakeholders of the company, and demonstrate their belief in TowerJazz and in its strategy by providing means for the company to more strongly invest in its strategic plans,” said Russell Ellwanger, TowerJazz CEO.

About TowerJazz

Tower Semiconductor Ltd. (NAS: 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 with geometries ranging from 1.0 to 0.13-micron, offering a broad range of customizable process technologies including: SiGe, BiCMOS, Mixed-Signal and RFCMOS, CMOS Image Sensor, Power Management (BCD), and Non-Volatile Memory (NVM) as well as CMOS and MEMS capabilities. TowerJazz also offers a world-class design enablement platform that complements its sophisticated technology and enables a quick and accurate design cycle. In addition, TowerJazz provides (TOPS) Technology Optimization Process Services to IDMs as well as fabless companies that need to expand capacity, or progress from an R&D line to a production line. To provide multi-fab sourcing, TowerJazz maintains …read more
Source: FULL ARTICLE at DailyFinance