Vishay Siliconix and TowerJazz Expand Manufacturing Collaboration with Next-generation Automotive Platforms
April 29 2019 - 6:00AM
NEWS ANNOUNCEMENT
FOR IMMEDIATE RELEASE
Production of additional platforms utilizes
two of TowerJazz’s automotive qualified global fabrication
facilities
MIGDAL HAEMEK, Israel,
and MALVERN, Pennsylvania, April 29, 2019 -
TowerJazz, the global specialty foundry leader and Vishay
Siliconix, one of world’s foremost manufacturers of low-voltage
power MOSFETs (metal-oxide semiconductor field-effect transistors),
today announced manufacturing portfolio expansion of existing and
next-generation power semiconductor products for the automotive
markets, to be produced in two of TowerJazz’s worldwide IATF16949
qualified manufacturing facilities. The newly developed automotive
dedicated platforms will enable improved efficiency of power
management circuitry in end products while reducing space
requirements.
“With the ongoing increase of electronic
content, automotive has been the main driver of growth in our
industry. Ranking as Vishay Siliconix’s number one foundry while
continuously supporting growing market activities, this expansion
recognizes TowerJazz’s valuable continued commitment, exceptional
technical and customer support, strong collaboration, and delivery
performance,” said Serge Jaunay, Vishay MOSFET Division Head.
According to IC Insights, the automotive IC
market reached record revenue of $32.3 billion in 2018 and is
expected to remain the fastest growing IC market with a CAGR of
12.5%, exceeding $43 billion in 2021. This market is expected to be
dominated by analog ICs, power management including power MOSFETs,
visual and non-visual sensors, RF, and lighting.
Vishay Siliconix utilizes TowerJazz’s Transfer
Optimization and development Process Services (TOPS) business unit
for its world-leading low-and high-voltage power MOSFET products.
These services provide best-in-class transfer methodologies,
including the development of next-generation custom processes,
technological capabilities with manufacturing capacity assurance
and flexibility.
“We are excited to expand our long-term
collaboration and business relationship with Vishay Siliconix, our
highly valued customer and partner. The combination of both
companies’ extensive technology expertise and market leadership,
fosters an environment allowing mutual growth and success, enabling
us to best serve Vishay Siliconix’s technological and operational
needs”, said Zmira Shternfeld-Lavie, Senior Vice President and
General Manager of Transfer, Optimization and development Process
Services (TOPS) Business Unit.
For more information about TowerJazz’s TOPS
offerings, please visit here.For more information about TowerJazz
technology, please visit: www.towerjazz.com.For more information
about Vishay Siliconix technology, please visit here.
About VishayVishay Intertechnology, Inc., a Fortune 1000
Company listed on the NYSE (VSH), is one of the world's largest
manufacturers of discrete semiconductors (diodes, MOSFETs, and
infrared optoelectronics) and passive electronic components
(resistors, inductors, and capacitors). These components are used
in virtually all types of electronic devices and equipment, in the
industrial, computing, automotive, consumer, telecommunications,
military, aerospace, power supplies, and medical markets. Vishay's
product innovations, successful acquisition strategy, and "one-stop
shop" service have made it a global industry leader. Vishay can be
found on the Internet at www.vishay.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) through its
partnership with Panasonic Semiconductor, Solutions Co. LTD. 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. ###
Vishay Media Contact: Bob Decker, Red Pines Group |
1.650.409.0233 | bob.decker@redpinesgroup.com
TowerJazz Company Contact: Orit Shahar |
+972-74-7377440 | oritsha@towersemi.com
TowerJazz Investor Relations Contact:
Noit Levi | +972-4-604-7066 | noit.levi@towerjazz.com
- Vishay Siliconix Final_04292019
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