NEWS ANNOUNCEMENT FOR IMMEDIATE RELEASE
TowerJazz and NeoFidelity Announce Strategic Relationship to Supply Digital
Audio Amplifiers to Samsung and LG
MIGDAL HAEMEK, Israel and SEOUL, Korea, April 16, 2012 - TowerJazz,the global specialty foundry leader, and
NeoFidelity Inc., announce mass production of a full digital
audio amplifier for LCD slim TVs supplying Korean companies
Samsung and LG which dominate the worldwide market.
NeoFidelity successfully began production in November 2011
and demand is steadily increasing. By shifting its production
from a 0.16-micron process to TowerJazz's 0.13- micron
technology, NeoFidelity was able to realize an advantage in
cost competitiveness. In addition, NeoFidelity is able to
leverage TowerJazz's powerful set of design kits, accurate
models and comprehensive analog IP portfolio.
The new digital audio amplifier reduces heat and improves
efficiency and sound quality, which was a challenge for
previous analog audio amps (AB-class, D-class). Another
advantage of the digital audio amp is better performance as
it can process digital signal without converting into analog
signal. In the case of analog amp chips, it requires devices
to change the digital signal to an analog signal. In
addition, due its very small chip size, NeoFidelity's full
digital audio amp can be used in slimmer and smaller sized
applications.
"We are excited about producing digital audio amps for
Samsung and LG on TowerJazz's 0.13- micron technology CMOS
platform. We have been very pleased with the dedicated
support of TowerJazz, especially from their local Korean
office," said Lee Ducksoo,
Neofidelity's Chief Executive Officer. "NeoFidelity shifted
to TowerJazz to enhance the competitiveness of our full
digital audio amplifier. As we expand our market to overseas
and diversify our products' roadmap, we look forward to
continue working with TowerJazz."
"NeoFidelity has been focused on high end audio amps for a
good decade and is the true expert with a unique solution. We
are very excited to be chosen as their strategic partner not
only for the audio amp market, but also for many other
devices that will increase our technology offerings and
capabilities as well as expand our market share in various
applications," said Michael Song, Korea Country Manager,
TowerJazz.
NeoFidelity has achieved design wins for its TV amplifier
product in the China market as well as with Samsung and LG
and is expecting to begin supply to several giant TV
customers and audio product manufacturers in China.
About NeoFidelity
NeoFidelity Inc. (KOSDAQ:101400), semiconductor acoustic
solution leader, was founded in April, 2000 by Ph.D.s from
Seoul National University, who are audio & signal processing
experts. NeoFidelity successfully created the world's best
digital amplifier with distortion compensation filter that
helps overcome the limitations of TV speakers. Its
revolutionary technology successfully aided in
commercialization of digital TVs. By making new advances in
technologies in a variety of fields, NeoFidelity expands its
products' portfolio and its customers. For more information,
please visit www.neofidelity.com/eng/.
About TowerJazz
Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), its
fully owned U.S. subsidiary Jazz Semiconductor, Inc. and its
fully owned Japanese subsidiary TowerJazz Japan, Ltd.,
operate collectively under the brand name TowerJazz, the
global specialty foundry leader. TowerJazz manufactures
integrated circuits with geometries ranging from 1.0 to
0.13-micron, offering a broad range of customizable process
technologies including: SiGe, BiCMOS, Mixed- Signal and
RFCMOS, CMOS Image Sensor, Power Management (BCD), and
Non-Volatile Memory (NVM) as well as CMOS and MEMS
capabilities. TowerJazz also offers a world-class design
enablement platform that complements its sophisticated
technology and enables a quick and accurate design cycle. In
addition, TowerJazz provides (TOPS) Technology Optimization
Process Services to IDMs as well as fabless companies that
need to expand capacity, or progress from an R&D line to a
production line. To provide multi-fab sourcing, TowerJazz
maintains two manufacturing facilities in Israel, one in the
U.S., and one in Japan with additional capacity available in
China through manufacturing partnerships. For more
information, please visit www.towerjazz.com.
Safe Harbor Regarding Forward-Looking Statements
This press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect TowerJazz's business is included under the heading "Risk Factors" in Tower's most recent filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the Securities and Exchange Commission (the "SEC") and the Israel Securities Authority and Jazz's most recent filings on Forms 10-K and 10-Q, as were filed with the SEC, respectively. Tower and Jazz do not intend to update, and expressly disclaim any obligation to update, the information contained in this release.
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TowerJazz Asia-Pacific Company/Media Contact: NeoFidelity Company/Media Contact:
Shoko Saimiya Byoung-il, Yoo
+81 795 23 6609 +82 2 6340 1018 saimiya@towerjazz.com biyoo@neofidelity.com
TowerJazz Investor Relations Contact Neofidelity Investor Relations Contact
Noit Levi Byoung-il, Yoo
+972 4 604 7066 +82 2 6340 1018 noit.levi@towerjazz.com biyoo@neofidelity.com
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