Tower unit Jazz to produce femtocell chips for Lime

New customer Lime Microsystems has development teams in the UK and Lithuania.

Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) unit Jazz Semiconductor, Inc. will produce transceiver integrated circuits for Lime Microsystems' femtocell product.

Femtocells are emerging as a technology that enables wireless phone use in homes and offices to become a viable alternative to conventional landline telephones, and solves the indoor coverage issues with 3G indoor licensed spectrum, providing more capacity, coverage, and services at home.

Lime Microsystems’ integrated circuit (IC) is a femtocell transceiver for multiple air interfaces and frequencies that can operate with worldwide cellular network standards including WiMAX, 3G and LTE, reducing costs and inventory for global OEMs.

The market for femtocells is expected to grow from $434 million in 2009 to $9 billion by 2014.

Lime Microsystems has selected Jazz Semiconductor’s 0.18-micron BiCMOS SiGe process for its first commercially available transceiver IC. The immediate availability of Lime’s transceiver was announced yesterday at Mobile World Congress 2009.

Lime Microsystems, founded in 2005, is a fabless semiconductor company specializing in digitally configurable transceivers for next generation of wireless broadband systems. Lime has development teams in the UK and Lithuania and is backed by ACT Venture Capital and DFJ Esprit.

Tower shares closed last week at $0.185, giving a market cap of $23.95 million.

Published by Globes [online], Israel business news - - on February 17, 2009

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

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018