Specialty foundry TowerJazz (Nasdaq: TSEM; TASE: TSEM) and Magma Design Automation Inc. (Nasdaq:LAVA) are collaborating on a new service for Tower customers. Magma's Titan Mixed-Signal Design Platform has been qualified for Tower's Power Management Analog/Mixed-Signal (AMS) Reference Flow and process design kits (iPDKs) for its 180-nanometer (nm) technologies.
Magma's Titan software and Tower's foundry technology provide mutual customers with a comprehensive design and manufacturing solution that enables users to accelerate the design-to-silicon process and achieve first-time silicon success.
Tower VP Design Center and iPDK Development Ori Galzur said, "By working together to provide out-of-the-box flows, and create and qualify iPDKs for the most advanced power management offering, Tower and Magma offer mutual customers a faster, more reliable path from design to volume production."
Tower does business as TowerJazz since acquiring Jazz in 2008.
Tower's share price fell 5.4% in early trading on Nasdaq today to $1.41. giving a market cap of $280 million. The share price fell 2.5% on the TASE to NIS 5.61.
Published by Globes [online], Israel business news - www.globes-online.com - on August 24, 2010
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