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

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

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 CET

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.
11/15 PANASONIC : Israeli chipmaker TowerJazz sees brighter 2017 after record third-qu..
11/15 TOWERJAZZ CONTINUES STRONG PERFORMAN : Announces Highest Ever Revenues, EBITDA a..
11/10TOWER SEMICONDUCTOR LTD. : quaterly earnings release
11/01 e2v Advanced CMOS Image Sensor Solutions Now Available with New State-of-the-..
10/13 TowerJazz Schedules Third Quarter 2016 Financial Results and Conference Call
10/11 TowerJazz to Participate at ICCAD 2016 to Showcase its Strong Presence in Chi..
09/28 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
More news
Sector news : Semiconductors - NEC
12/01DJMARKET SNAPSHOT : Dow Closes At Record High, Nasdaq Slumps On Weak Technology St..
12/01DJMicrosoft, Intel, IBM Push Back on China Cybersecurity Rules
12/01DJMicrosoft, Intel, IBM Push Back on China Cybersecurity Rules
11/29DJINTEL : Recruits ARM Executive Thomas Lantzsch to Head Connected Device Effort
11/29DJIntel Recruits ARM Executive Thomas Lantzsch to Head Connected Device Effort
More sector news : Semiconductors - NEC
News from SeekingAlpha
11/15 Tower Semiconductor's (TSEM) CEO Russell Ellwanger on Q3 2016 Results - Earni..
11/15 Tower Semiconductor beats by $0.10, beats on revenue
11/14 Notable earnings after Tuesday?s close
11/02 HD Supply In The Penalty Box - Cramer's Lightning Round (11/01/16)
08/09 Summer Tech Picks Trading At Reasonable Prices
Advertisement
Financials ( ILS)
Sales 2016 4 799 M
EBIT 2016 749 M
Net income 2016 768 M
Finance 2016 54,1 M
Yield 2016 -
P/E ratio 2016 8,88
P/E ratio 2017 9,88
EV / Sales 2016 1,22x
EV / Sales 2017 0,94x
Capitalization 5 905 M
More Financials
Chart TOWER SEMICONDUCTOR LTD.
Duration : Period :
Tower Semiconductor Ltd. Technical Analysis Chart | TSEM | IL0010823792 | 4-Traders
Full-screen chart
Technical analysis trends TOWER SEMICONDUCT...
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 96,7  ILS
Spread / Average Target 41%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Russell C. Ellwanger Chief Executive Officer
Itzhak Edrei President
Amir Elstein Independent Chairman
Rafi Mor Chief Operating Officer
Oren Shirazi CFO & Senior Vice President-Finance
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TOWER SEMICONDUCTOR LT..22.96%1 547
INTEL CORPORATION0.73%161 884
TAIWAN SEMICONDUCTOR M..--.--%144 697
TEXAS INSTRUMENTS INCO..34.88%70 684
NVIDIA CORPORATION168.36%47 321
NXP SEMICONDUCTORS NV17.69%33 898
More Results