Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  TEL AVIV STOCK EXCHANGE  >  Tower Semiconductor Ltd.    TSEM   IL0010823792

Delayed Quote. Delayed  - 09/28 01:47:05 pm
5697 ILa   -0.05%
10:31a TowerJazz to Host Investor and Analyst Conference in New York Cit..
09/14 TowerJazz Presents Novel Empirical Simulation Flow of ESD Protect..
08/23 TowerJazz and TPSCo Announce a New State of the Art CMOS Image Se..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Tower Semiconductor Ltd. : TowerJazz and NeoFidelity Announce Strategic Relationship to Supply Digital Audio Amplifiers to Samsung and LG

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/16/2012 | 07:32pm CEST

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.

###

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

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TOWER SEMICONDUCTOR LTD.
10:31a TowerJazz to Host Investor and Analyst Conference in New York City on Novembe..
09/14 TowerJazz Presents Novel Empirical Simulation Flow of ESD Protection Circuits..
08/23 TowerJazz and TPSCo Announce a New State of the Art CMOS Image Sensor Technol..
08/09 TowerJazz to Present at Upcoming Conferences
08/04 TOWERJAZZ ANNOUNCES SECOND QUARTER 2 : Record Revenue of $305 million with Year ..
07/28 TowerJazz Announces Dismissal of Securities Class Action
07/19 Audio Pixels and TowerJazz Announce Agreement for Volume Production of Ground..
07/12 TowerJazz and TPSCo Announce Annual Technical Global Symposium (TGS) Events f..
07/07 TowerJazz Extends its Partnership with JA Mitsui to Drive its Recently Acquir..
07/05 TowerJazz Schedules Second Quarter 2016 Financial Results and Conference Call
More news
Sector news : Semiconductors - NEC
09/20 Chip designer ARM launches processor fit for driverless cars
09/20DJTELIT COMMUNICATIONS : Collaborates With Intel Machine Control
09/20DJINTEL : Appoints Finance Executive -- WSJ
09/20DJINTEL : Correction to Intel's new CFO article
09/19DJINTEL : Hires Bob Swan as Finance Chief
More sector news : Semiconductors - NEC
News from SeekingAlpha
08/09 Summer Tech Picks Trading At Reasonable Prices
08/04 Tower Semiconductor's (TSEM) CEO Russell Ellwanger on Q2 2016 Results - Earni..
08/04 TECHNOLOGY - TOP 5 GAINERS / LOSERS : 00 pm
08/04 PREMARKET GAINERS / LOSERS AS OF 9 : 10 am
08/04 Tower Semiconductor beats by $0.11, beats on revenue
Advertisement
Financials ( ILS)
Sales 2016 4 739 M
EBIT 2016 673 M
Net income 2016 644 M
Debt 2016 -
Yield 2016 -
P/E ratio 2016 8,83
P/E ratio 2017 8,58
Capi. / Sales 2016 1,04x
Capi. / Sales 2017 0,92x
Capitalization 4 917 M
More Financials
Chart TOWER SEMICONDUCTOR LTD.
Duration : Period :
Tower Semiconductor Ltd. Technical Analysis Chart | TSEM | IL0010823792 | 4-Traders
Full-screen chart
Technical analysis trends TOWER SEMICONDUCT...
Short TermMid-TermLong Term
TrendsBearishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 88,5  ILS
Spread / Average Target 55%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Russell C. Ellwanger Chief Executive Officer
Itzhak Edrei President
Amir Elstein Independent Chairman
Rafi Mor Chief Operating Officer
Oren Shirazi CFO & Senior Vice President-Finance
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TOWER SEMICONDUCTOR LT..1.31%1 298
INTEL CORPORATION7.92%173 391
TAIWAN SEMICONDUCTOR M..--.--%151 361
TEXAS INSTRUMENTS INCO..26.71%68 640
NVIDIA CORPORATION101.88%34 422
NXP SEMICONDUCTORS NV-2.16%28 556
More Results