TowerJazz and Aledia Enter into Process Development Partnership Agreement for Cutting-Edge Nanowire-LED Technology
December 19 2019 - 6:00AM
NEWS ANNOUNCEMENT
FOR IMMEDIATE
RELEASE
Utilizing TowerJazz process development
services (TOPS) to bring Aledia’s innovative IP into commercialized
volume production
Providing breakthrough solutions for next
generation display panels
MIGDAL HAEMEK, Israel, and
GRENOBLE, France, December 19, 2019
– TowerJazz, the global specialty foundry leader, and
Aledia, a developer and manufacturer of next-generation 3D LEDs for
display applications based on its
gallium-nitride-nanowires-on-silicon platform, today announced
their process development partnership to bring Aledia’s novel
nanowire-LED technology into commercialized volume production. This
development is based on Aledia’s IP and utilizes TowerJazz’s unique
and highly experienced Transfer Optimization and Development
Process Services (TOPS). Financed by Intel Capital among others,
Aledia's nanowire-LED display technology offers breakthrough
solutions for the global display market’s constant growing
demand.
“We are very excited to take our technology into
its industrialization phase. We chose TowerJazz due to its vast
expertise in the field of process development, its high quality and
extensive production capabilities, well serving our long-term
production roadmap”, said Giorgio Anania, Aledia’s CEO. “We are
looking forward to proceed toward successful collaboration”.
Aledia’s 3D LED novel technology enables high
brightness (x1000 of today’s average screen), high resolution, low
power, and cost effective displays, all of which are key parameters
in a variety of today’s and future mobile display applications
including laptops, tablets, mobile phones, augmented / virtual
reality (AR/VR), and smart watches among others. With an
ever-growing rate of consumers using their mobile screens in their
daily lives, this market carries an enormous potential growth
rate.
TowerJazz’s advanced TOPS services enables and
facilitates quick transfer and manufacturability of Aledia’s
technology. The Company’s global manufacturing capabilities,
offering both 200mm and 300mm options, provide various advantages
for volume production in scalable wafer sizes which enhance its
cost competitiveness, capacity assurance, as well as future roadmap
alignment.
“We are very proud to have partnered with
Aledia’s team of experts to bring their innovative technology into
production phase. This technology provides significant
differentiators addressing all the main feature requirements of the
uLED displays market and holds profound potential growth for both
companies”, said Dani Ashkenazi, Vice President and General Manager
of Transfer, Optimization and Development Process Services Business
Unit (TOPS). “Bringing Aledia’s solutions into volume production is
a major step in establishing its role as a leading provider of
next-generation display panel technology and we have great
confidence in their success”.
For more information about Aledia’s technology, please visit
here. For more information about TowerJazz TOPS offering, please
visit here. For more information about TowerJazz technology
offering, please visit here.
About TowerJazz
Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE:
TSEM) and its subsidiaries operate collectively under the brand
name TowerJazz, the global specialty foundry leader. TowerJazz
manufactures next-generation integrated circuits (ICs) in growing
markets such as consumer, industrial, automotive, medical and
aerospace and defense. TowerJazz’s advanced technology is comprised
of a broad range of customizable process platforms such as: SiGe,
BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated
power management (BCD and 700V), and MEMS. TowerJazz also provides
world-class design enablement 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 and 200mm), two in the U.S. (200mm) and three
facilities in Japan (two 200mm and one 300mm). For more
information, please visit www.towerjazz.com.
Safe Harbor Regarding Forward-Looking
StatementsThis 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.
###
Aledia Company Contact: Nathalie
Gambade | 04 38 78 21 33
| nathalie.gambade@aledia.com
TowerJazz Company Contact: Orit
Shahar |
+972-74-7377440 |
oritsha@towersemi.comTowerJazz Investor Relations
Contact: Noit Levi | +972-4-604-7066
| noit.levi@towerjazz.com
- Aledia_PR_Final_12192019
- TowerJazz and Aledia - Process Development Partnership
Agreement for Cutting-Edge Nanowire-LED Technology
Tower Semiconductor (NASDAQ:TSEM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Tower Semiconductor (NASDAQ:TSEM)
Historical Stock Chart
From Sep 2023 to Sep 2024