Tower Semiconductor to Increase Its Sales Activity in Europe
MIGDAL HAEMEK, Israel, April 10 /PRNewswire/ — - Adds ETesiAN Semiconductor to its Chain of Local Representatives Addressing the $1.9B European Foundry Market Tower Semiconductor Ltd. (NASDAQ: TSEM; TASE: TSEM), an independentspecialty foundry, today announced teaming up with ETesiAN Semiconductor toprovide local support for Tower’s growing customer base in Europe. ETesiANjoins Solution in Silicon in the UK and Scandinavia and EquipIC in theNetherlands to further strengthen Tower’s support for existing and newEuropean customers. The new European representative office will be providing both logisticand technical support to Tower’s existing customers as well as work to expandTower’s customer base in the region by winning new opportunities. Accordingto a recent McClean report, the European Total Available Market (TAM) forpure-play foundry in 2007 was $1.9B, representing 9ACIORFIPROCENTE of the world-widefoundry market. Tower currently serves more than 10 customers in Europe,among them several of the top 10 IDM and fabless companies of the region.”ETesiAN’s experienced team is pleased to join the worldwide network oflocal representative offices supporting Tower’s customers. We are proud to beoffering Tower’s state-of-the-art technologies to the demanding Europeancustomers.” said Elie Toledano, CEO of ETesiAN “We have identified anexcellent match between Tower’s specialty technology offering and theEuropean market needs. Complemented by Tower’s superior customer support, weforesee a prosperous future and business growth.”"Tower has been in production for European customers for more than adecade. The surge in demand for Tower’s advanced processes, stemming from newand existing customers, motivated us to expand our sales channels in Europeby teaming up with an additional representative company.” said JonathanGendler, Tower’s Director of Europe Sales “Tower’s renowned customer supportis further strengthened to answer the needs of existing customers and handlethe increased influx of new opportunities.” Tower recently launched its new Power Management platform in the0.18-micron technology node. This new offering, as well as Tower’sMixed-Signal, RF-CMOS, CMOS image sensors and embedded NVM, serve well thedemand for specialty and customized technologies of the European market. About Tower Semiconductor Ltd.: Tower Semiconductor Ltd. is a pure-play independent specialtywafer foundry established in 1993. The company manufactures integratedcircuits with geometries ranging from 1.0 to 0.13-micron; it also providescomplementary technical services and design support. In addition to digitalCMOS process technology, Tower offers advanced mixed-signal & RF-CMOS, PowerManagement, CMOS image-sensor and non-volatile memory technologies. Toprovide world-class customer service, the company maintains two manufacturingfacilities, each with standard and specialized process technology processes:Fab 1 ranging from 1.0 to 0.35 and Fab 2 featuring 0.18 and 0.13-micron.Tower’s web site is located at http://www.towersemi.com. About ETesiAN: Etesian Semiconductor is a rep company with a mission to serveas a one stop shop for the EMEA semiconductor industry by promoting andoffering all services and products needed by the fabless and IDM companiesfor successful design and reliable manufacturing. ETesiAN’s offering includesadvanced foundry manufacturing services, turn key services, IPs, designtools, design services, test development and production, reliability, failureanalysis, packaging and financial VCs support. ETesiAN’s team is composed ofsales executives coming from the foundry, VCs, Design and EDA background,with extensive networking to the semiconductor industry in Europe and Israel.Having its offices in Israel and France and partnerships in Germany and theUK, ETesiAN has direct and local access to the majority of the fabless, IDMand design service companies in the EMEA semiconductor market. ETesiAN’s website is located at http://www.etesiansemi.com. Safe Harbor: This press release includes forward-looking statements, whichare subject to risks and uncertainties. Actual results may vary from thoseprojected or implied by such forward-looking statements. A completediscussion of risks and uncertainties that may affect the accuracy offorward-looking statements included in this press release or which mayotherwise affect our business is included under the heading “Risk Factors” inour most recent Annual Report on Forms 20-F, F-1, F-3 and 6-K, as were filedwith the Securities and Exchange Commission and the Israel SecuritiesAuthority. We do not intend to update, and expressly disclaim any obligationto update, the information contained in this release. Contacts: Tower contact: Tower Semiconductor USA Michael Axelrod 1-408-330-6871 pr@towersemi.com ETesiAN contact: Elie Toledano elie.toledano@etesiansemi.comTower Semiconductor Ltd
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