Specialty foundry Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) announced today that Fairchild Semiconductor has started mass production at TowerJazz Panasonic Semiconductor Co.’s (TPSCo’s) fabrication facility in Tonami, Japan. This is a process transfer from Fairchild of their state of the art discrete devices for the industrial and consumer markets.
Fairchild SVP Operations Dr. Wei-Chung Wang said, “We chose TowerJazz as they are a market leader in process transfer capabilities and are known for the quality of their technical teams and transfer methodologies. There is excellent collaboration between our two companies and we are experiencing very fast project execution and ramp-up of production of our discrete devices."
TowerJazz VP Process Engineering R&D and GM of Transfer, Optimization and Development Process Services (TOPS) Zmira Shternfeld-Lavie said, "This development has been in the works for several months involving significant transition efforts between Fairchild and TowerJazz. We are very proud and excited to become a first tier supplier for Fairchild. Collaboration between the two companies has enabled record time to mass production. We look forward to enhancing our relationship by providing Fairchild with both specialty TowerJazz and TPSCo technologies and capabilities."
TowerJazz’s TOPS business model enables its customers to transfer their process flows into TowerJazz’s worldwide manufacturing facilities, providing them with needed capacity, manufacturing flexibility and competitive cost. TowerJazz’s best in class technology transfer team offers know-how in diverse technologies and the ability to adapt business models and production flows based on its customers’ requirements, providing a great time to market advantage for them and major growth opportunities for the company.
Published by Globes [online], Israel business news - www.globes-online.com - on December 9, 2014
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