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Tower and Jazz Semiconductor Announce Fourth Annual Conference Focused on Analog/Mixed-Signal Circuits, Applications & Technology

October 5, 2009

MIGDAL HAEMEK, Israel, and NEWPORT BEACH, California, October 5
/PRNewswire-FirstCall/ — Tower Semiconductor, Ltd. (NASDAQ: TSEM, TASE:
TSEM), and its U.S. subsidiary, Jazz Semiconductor today announced the fourth
annual technology conference at its Newport Beach facility on November 5,
2009
. This year’s Jazz and Tower conference (JaTc) is focused on the central
theme of “Stimulus for Success: Specialty Solutions Enable Customer
Innovation.” The one-day event will include key invited speakers as well as
contributed talks, vendor exhibits, and a reception hosted by Tower and Jazz.
All participants will have an opportunity to meet with leaders from academia
and top executives and technical professionals in the semiconductor industry.
To register, please visit:
http://www.jazzsemi.com/news_events/registration_jatc-09.shtml.

JaTc will open with a presentation by Russell Ellwanger, Tower CEO and
Jazz Chairman of the Board of Directors, who will present the key milestones
of Tower and Jazz’s merger and the past year’s accomplishments as well as
discuss the future strategic initiatives of the combined global company.
Subsequently, a keynote will be presented by Len Jelinek, iSuppli’s Director
and Chief Analyst of Semiconductor Manufacturing who will provide an industry
outlook. Next, Tower and Jazz will provide a technology and design enablement
services update and offer window tours of its 200mm manufacturing facility.

“I am delighted to share the company’s milestones during the past year
since the merger was completed and to show how we have become one company,
twice as strong,” said Russell Ellwanger, Tower CEO and Jazz Chairman of the
Board of Directors. “The integration of Tower and Jazz has provided many
benefits including fully complementary technical offerings and roadmaps,
increased capacity, a larger and more diversified customer base, substantial
cost reduction through the elimination of duplicate contextual functions, and
the realization of supply chain synergies; all of which have put us in a
strong financial position. We are the fastest growing foundry over the
previous three years and we foresee this for 2009 as well. The completion of
our integration has put us in the position of global specialty foundry leader
and we are optimistic to sustain profitable growth for the next years to
come. We invite all to attend and share the excitement that we, and many of
our customers, have already experienced.”

The afternoon sessions will center around the Analog-Intensive
Mixed-Signal Circuits, Applications, and Technology (AIMS-CAT) seminar
bringing together invited speakers to discuss the latest technical advances
in areas such as emerging millimeter applications, integrated power
management platforms, non-volatile memory (NVM), current trends in imaging
technology, and design flow for RF SiGe applications, among others. The
AIMS-CAT seminar will feature several technical presentations from the
following industry leading companies and universities: Agilent Technologies,
Cadence Design Systems, Menara Networks, Pacific MicroCHIP Corp., Panavision
Imaging, Triune Systems, University of California, San Diego, and University
of Massachusetts, Lowell
.

“Having attended the conference at Jazz last year, I was able to see
first hand this unique venue for leading analog and mixed-signal chip
companies to share the latest advances in the design and manufacture of
semiconductor components. This year, I am pleased to be invited as a keynote
speaker and look forward to providing an industry outlook to an impressive
targeted group of semiconductor company executives and engineers,” said Len
Jelinek
, Director and Chief Analyst of Semiconductor Manufacturing, iSuppli.

Conference attendees can also experience the latest from tool and IP
providers, design companies, and post wafer service companies. JaTc gold
sponsors include: Agilent, ARM, Cadence, GDSI, GSA, Simucad, SVTC, and
Toppan. Silver sponsors include: Chronicle Technology, FlipChip, Helic,
Kaben, Novocell, Pacific MicroCHIP Corp., Photonics, Quik-Pak and Tanner EDA.
For more information or online registration, please visit
http://www.jazzsemi.com/news_events/registration_jatc-09.shtml.

About Tower Semiconductor, Ltd. and Jazz Semiconductor, Inc.

Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), the global specialty
foundry leader and its fully owned subsidiary Jazz Semiconductor, a Tower
Group Company is a leader in Analog-Intensive Mixed-Signal (AIMS) foundry
solutions. Tower and Jazz manufacture integrated circuits with geometries
ranging from 1.0 to 0.13-micron and provide industry leading design
enablement tools to allow complex designs to be achieved quickly and more
accurately. Tower and Jazz offer a broad range of process technologies
including Digital, Mixed-Signal and RFCMOS, HV CMOS, BCD, Non-Volatile Memory
(NVM), Embedded NVM, MEMS, and CMOS Image Sensors. To provide world-class
customer service, Tower and Jazz maintain two fabrication facilities in
Israel and one in the U.S. with additional capacity available through
manufacturing partnerships in China. For more information, please visit
http://www.towersemi.com and http://www.jazzsemi.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 Tower’s and
Jazz’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. Tower and Jazz do not intend to update, and expressly
disclaim any obligation to update, the information contained in this release.

    Company Contact:
    Melinda Jarrell
    +1-949-435-8181
    melinda.jarrell@jazzsemi.com

    Media Contact:
    Lauri Julian
    +1-949-715-3049
    lauri.julian@jazzsemi.com

    Investor Relations Contact:
    Levi Noit
    +972-4-604-7066
    noitle@towersemi.com

SOURCE Tower Semiconductor Ltd


Source: newswire