Tower and Triune in power management collaboration

Privately-held Triune Systems develops and markets analog integrated circuits.

Independent foundry Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) and integrated circuit design and test developer Triune Systems LLC will collaborate on developing power management products.

Through this collaboration, the companies will jointly design and develop intellectual property (IP) for Tower’s 0.18-micron Bipolar-CMOS-DMOS (BCD) process to deliver a family of low and high voltage power management products and IP for a variety of applications to enable faster design cycles and lower cost designs.

High volume production for the co-developed high voltage power management products is expected to commence in the second half of 2009.

VDC Research forecasts worldwide shipment of power management integrated circuits to grow more than 10% annually through 2012. In order to meet customer demand for power supplies in consumer, medical, industrial and automotive applications, Tower’s process technology combined with Triune Systems’ IP will provide a complete power management platform.

Migdal Ha'emek-based Tower manufactures integrated circuits with geometries ranging from 1.0 to 0.13-microns. Privately-held Triune Systems LLC, founded in 2006, designs, tests, manufactures, and markets analog integrated circuits. It specializes in mixed-signal power and signal conditioning and System-on-Chip (SoC) circuits.

Tower shares closed at $0.20 yesterday on Nasdaq, giving a market cap of $25.9 million. Its share price has risen 43% in 2009.

Published by Globes [online], Israel business news - - on February 11, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

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