Tower to produce Microsoft touch screen controllers

N-trig

The deal worth $10 million annually is with N-trig, recently acquired by Microsoft.

Israel-based Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) announced Wednesday it will be mass producing touch screen controllers for digital pens for another blue-and-white firm, N-Trig. “Mass producing N-trig technology for an industry giant further enhances our position as a leading power management IC manufacturer," said Tower CEO Russell Ellwanger.

The stylus technology was recently acquired by Microsoft for use with its Surface line of mobile products. According to market estimates, Tower is expected to reach revenue of $10 million annually, starting in 2015 a figure which should continue to increase as the tablet market expands.

The touch screen controller, which allows for sensing multiple fingers and digital pens, is produced using Tower's advanced power management technology. The chips were designed by N-Trig's team with the assistance of Tower's Netanya Design Center and will be manufactured at its Migdal HaEmek fabrication facility.

Published by Globes [online], Israel business news - www.globes-online.com - on July 29, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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