TowerJazz and Crocus Expand Presence in Magnetic Sensors Market through Successful Licensing of Crocus' IP and Volume Manufac...
September 27 2017 - 5:01AM
Crocus TMR sensors offer important advantages
for multiple applications in IoT, consumer, automotive,
industrial and medical sectors
MIGDAL HAEMEK, Israel and SANTA CLARA,
Calif., September 27, 2017 - TowerJazz, the global specialty
foundry leader, and Crocus, a leading developer of TMR magnetic
sensor technology and embedded MRAM, today announce volume
manufacturing of Crocus TMR (Tunnel MagnetoResistance) sensors,
using TowerJazz's 0.13um CMOS process with a dedicated magnetic
module in the Cu BEOL. With Crocus' magnetic process, know-how and
IP, and TowerJazz's process technology and integration expertise,
Crocus has successfully licensed the TMR technology to an
automotive Tier 1 customer, bringing increased business to both
companies.
According to a 2016 MarketsandMarkets report,
the overall magnetic field sensors market was valued at USD $2.25
billion in 2015 and is expected to reach S4.16 billion by 2022, at
a CAGR of 8.87% between 2016 and 2022. The growth of this market is
driven by the rising demand for MEMS-based sensors across industry
verticals, surge in the automotive industry, increasing demand for
high-quality sensing devices, and continuous growth in consumer
electronics applications.
Magnetic transducers which sense magnetic field
strength are widely used in modern industry and electronics to
measure current, position, motion, direction, and other physical
parameters. Crocus' TMR technology is a CMOS-based, robust
technology capable of offering important advantages in sensitivity,
performance, power consumption, size and full integration with CMOS
to create monolithic single die ICs. Benefits to customers come in
the form of low power, a robust design and high temperature
performance. Crocus TMR solutions are ideally suited for many
applications ranging from IoT to consumer, medical, automotive and
industrial equipment.
"We selected TowerJazz because of their high
flexibility and capabilities to adapt their TS13 platform to
incorporate our TMR technology which includes magnetic materials
that are typically not used in CMOS. TowerJazz's vast manufacturing
expertise is enabling us to successfully fulfill the needs of
several market sectors combined with increased performance required
in next-generation sensors. TowerJazz has been our development
partner for many years and together we have achieved technology
maturity leading to expanded business and successful licensing of
Crocus IP," said Michel Desbard, Crocus CEO.
"As the demand for IoT applications in our daily
life is ever-increasing, there is an even greater need for
intelligent sensing, low power and improved performance. Crocus'
successful licensing of their IP, along with TowerJazz's
manufacturing capability and know-how, enables us to deliver
highly-advanced and competitive embedded-solutions to multiple
customers in various markets. Through our partnership with Crocus,
we are broadening our presence in the sensors' market,
complementing our MEMS and image sensing programs," said Zmira
Shternfeld-Lavie, VP of TOPS BU and R&D Process
Engineering."
Crocus's TMR magnetic sensor is expected to
displace existing sensor technologies in many applications. Crocus'
TMR magnetic sensor product family includes multiple architectures
which are based on its Magnetic Logic Unit(TM) (MLU(TM)), a
disruptive CMOS-based rugged magnetic technology.
About Crocus Technology Crocus Technology
develops and supplies magnetics sensors and embedded memory
solutions based on its patented TMR-based sensor technology,
Magnetic Logic Unit(TM) (MLU(TM)). Crocus' magnetic sensors bring
significant advantages to the industrial and consumer electronic
applications requiring high sensitivity, stable temperature
performance, low power and low cost. MLU also enables high speed,
lower power, and endurance to embedded memory solutions aimed at
consumer electronics. Crocus in headquartered in Santa Clara,
California, and has offices in Grenoble, France. For more
information, please visit http://www.crocus-technology.com.
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.
###
Crocus Company Contact: Zack Deiri |
zdeiri@crocus-technology.comTowerJazz Company Contact: Lauri
Julian | 949-280-5602 |
lauri.julian@towerjazz.comTowerJazz Investor Relations
Contact: Noit Levi | +972-4-604-7066 |
noit.levi@towerjazz.com
Attachments:
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