Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) and Cypress Semiconductor Corp. are collaborating on a high-end image sensor. Cypress Semiconductor's (Nasdaq: CY) new 25-megapixel high speed image sensor is being powered by TowerJazz's 0.18-micron CMOS image sensor process.
The companies said that the sensor is ideal for high-end machine vision applications, such as inspection machines; biometric inspection, such as next-generation palm print readers; and intelligent traffic systems.
Tower does business as TowerJazz since acquiring Jazz in 2008.
Market sources told "Globes" that the collaboration announced today is worth several million dollars, but beginning next year will grow significantly.
TowerJazz VP and general manager specialty group Dr. Avi Strum said, “TowerJazz and Cypress have collaborated on CIS projects for more than ten years, enabling a wide portfolio of products for industrial imaging, high-end cameras, barcode, medical and dental imaging. The long cooperation between our teams is becoming stronger as we continue to align on innovative and market changing projects and products with a clear advantage in the market.”
According to a report by Roy Szweda, RNR Associates, the forecast for image sensors used in the industrial market is expected to reach close to $840 million by 2014.
Published by Globes [online], Israel business news - www.globes-online.com - on July 27, 2010
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