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TowerJazz announces MOU with Shanghai ICC

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TowerJazz to offer Shanghai ICC’s customers technical and manufacturing capabilities

NISHIWAKI, JAPAN: TowerJazz, the global specialty foundry leader, announced the signing of a MOU with Shanghai ICC, launching an exclusive partnership to offer Shanghai ICC's customers TowerJazz's technical and manufacturing capabilities using its mixed-signal CMOS and power technologies, while expanding TowerJazz's business opportunities in China.

Shanghai ICC is a non-profit group formed by the Chinese government to help grow China's emerging IC companies.Shanghai ICC has a large technical team and a number of EDA licenses. Through collaboration with Shanghai ICC, TowerJazz will increase its sales potential and technical support.

TowerJazz has made a strong commitment to the China IC market with its Shanghai sales and technical office. As part of this commitment, the foundry has been very focused on supplying the best possible local technical support. Through the partnership with Shanghai ICC, TowerJazz gains access to Shanghai ICC's excellent technical support and broad access to emerging China IC companies and other local potential customers.

Shanghai ICC has recently received many requests for technological capabilities with requirements beyond those that are available through Shanghai ICC's network of technological support. The partnership of TowerJazz and Shanghai ICC fills this need while providing the emerging China IC companies access to leading edge technical expertise to meet the ever challenging market demands for more energy efficient solutions.

Litian Zhang, GM of Shanghai ICC said: "TowerJazz is a leading foundry in the mixed-signal CMOS and power arenas and we are excited to partner with them and expand our capabilities. By offering our customers access to TowerJazz's specialty process platforms, we will enable exceptional design and manufacturing for even more of China's emerging IC companies."

Lei Qin, country manager of TowerJazz China said: "We are very pleased to partner with Shanghai ICC, this is an extremely good fit for both companies. The combination of their technical support with our specialty offerings will enable superior solutions for emerging China IC companies. We look forward to working closely with Shanghai ICC and their customers to help advance the China market."

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