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Tower Semiconductor Awarded by Semtech for Manufacturing Excellence and Partnership

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Tower Semiconductor (NASDAQ/TASE: TSEM) has received an award from Semtech for Manufacturing Excellence and Partnership in Execution of CY2024 Wafer Shipments. The recognition highlights Tower's successful high-volume production ramp-up of advanced SiGe (Silicon Germanium) integrated circuits during peak demand periods.

The partnership between Tower and Semtech has resulted in significant market share in SiGe products for AI and data center applications, including transimpedance amplifiers, drivers, clock and data recovery, and active copper cable components. These components are important for meeting the increasing demand in AI and data center applications.

Tower Semiconductor (NASDAQ/TASE: TSEM) ha ricevuto un premio da Semtech per Eccellenza nella Produzione e Collaborazione nell'Esecuzione delle Spedizioni di Wafer per CY2024. Questo riconoscimento evidenzia il successo di Tower nell'aumento della produzione in alta-volume di circuiti integrati avanzati SiGe (Silicon Germanium) durante i periodi di massima domanda.

La partnership tra Tower e Semtech ha portato a una significativa quota di mercato nei prodotti SiGe per applicazioni di intelligenza artificiale e centri dati, inclusi amplificatori a transimpedenza, driver, recupero di clock e dati, e componenti di cavi in rame attivi. Questi componenti sono fondamentali per soddisfare la crescente domanda nelle applicazioni di intelligenza artificiale e nei centri dati.

Tower Semiconductor (NASDAQ/TASE: TSEM) ha recibido un premio de Semtech por Excelencia en Manufactura y Asociación en la Ejecución de Envíos de Wafer para CY2024. Este reconocimiento destaca el exitoso aumento de producción a gran escala de circuitos integrados avanzados SiGe (Silicon Germanium) durante los períodos de máxima demanda.

La asociación entre Tower y Semtech ha resultado en una participación de mercado significativa en productos SiGe para aplicaciones de inteligencia artificial y centros de datos, incluidos amplificadores de transimpedancia, controladores, recuperación de reloj y datos, y componentes de cable de cobre activo. Estos componentes son importantes para satisfacer la creciente demanda en aplicaciones de inteligencia artificial y centros de datos.

타워 반도체 (NASDAQ/TASE: TSEM)는 셈텍으로부터 CY2024 웨이퍼 배송의 제조 우수성 및 실행 파트너십 부문에서 상을 받았습니다. 이 상은 타워가 최대 수요 기간 동안 고급 SiGe (실리콘 게르마늄) 집적 회로의 고용량 생산을 성공적으로 증가시켰음을 강조합니다.

타워와 셈텍 간의 파트너십은 인공지능 및 데이터 센터 응용 프로그램을 위한 SiGe 제품에서 상당한 시장 점유율을 가져왔으며, 이는 전류 변환 증폭기, 드라이버, 클락 및 데이터 복구, 그리고 활성 구리 케이블 구성 요소를 포함합니다. 이러한 구성 요소는 인공지능 및 데이터 센터 응용 프로그램의 증가하는 수요를 충족하는 데 중요합니다.

Tower Semiconductor (NASDAQ/TASE: TSEM) a reçu un prix de Semtech pour son Excellence en Fabrication et sa Partenariat dans l'Exécution des Expéditions de Wafer pour CY2024. Cette reconnaissance souligne le succès de Tower dans l'augmentation de la production en volume des circuits intégrés avancés SiGe (Silicium-Germanium) pendant les périodes de forte demande.

Le partenariat entre Tower et Semtech a abouti à une part de marché significative dans les produits SiGe pour des applications d'IA et de centres de données, y compris les amplificateurs à transimpédance, les pilotes, la récupération de l'horloge et des données, ainsi que les composants de câbles en cuivre actifs. Ces composants sont essentiels pour répondre à la demande croissante dans les applications d'IA et de centres de données.

Tower Semiconductor (NASDAQ/TASE: TSEM) hat von Semtech einen Preis für Fertigungsexzellenz und Partnerschaft bei der Ausführung der Wafer-Lieferungen für CY2024 erhalten. Diese Anerkennung hebt den erfolgreichen Produktionsausbau von Tower bei fortschrittlichen SiGe (Silizium-Germanium) integrierten Schaltungen während der Spitzenbedarfzeiten hervor.

Die Partnerschaft zwischen Tower und Semtech hat zu einem signifikanten Marktanteil bei SiGe-Produkten für KI- und Rechenzentrumsanwendungen geführt, einschließlich Transimpedanzverstärkern, Treibern, Takt- und Datenrückgewinnung sowie aktiven Kupferkabelkomponenten. Diese Komponenten sind wichtig, um der steigenden Nachfrage in den Bereichen KI und Rechenzentren gerecht zu werden.

Positive
  • Recognition for manufacturing excellence and successful high-volume production execution
  • Strong market position in SiGe products for AI and data center applications
  • Successful scaling of advanced technology production during peak demand periods
Negative
  • None.

       In recognition of its superb performance and execution of CY2024 wafer shipments 

MIGDAL HAEMEK, Israel, Dec. 10, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, today announced that Semtech Corporation  (Nasdaq: SMTC), a high-performance semiconductor, Internet of Things (IoT) systems and Cloud connectivity service provider, has recognized Tower Semiconductor for Manufacturing Excellence and Partnership in Execution of CY2024 Wafer Shipments.

The award recognizes Tower’s ability to successfully ramp high volume products in its most advanced platform during a time of unprecedented demand for SiGe (Silicon Germanium) integrated circuits (ICs). SiGe ICs are crucial to meet the high demand in AI and data center applications.

Semtech and Tower have a long history of collaboration on advanced optical fiber solutions. They jointly hold a large market share of SiGe products for AI and data center applications that include transimpedance amplifiers (TIAs), drivers, clock and data recovery (CDR) and active copper cable (ACC) components that make use of Tower’s leading edge SiGe platform and Semtech’s expertise in high-speed analog ICs.

“We recognize Tower for its manufacturing excellence and partnership,” said Asaf Silberstein, executive vice president and chief operating officer of Semtech. “Tower’s advanced SiGe solutions have been essential in enabling Semtech to develop and deliver leading-edge optical networking solutions to the market. Tower’s agility in scaling these technologies to high volumes during peak demand periods allows our joint customers to maximize the benefits of our close partnership.”

“We are honored to receive this recognition from Semtech, a leader in their space and a strong, long-standing partner for Tower," said Dr. Marco Racanelli, president, Tower Semiconductor. "We look forward to continuing our strong partnership, driving innovation and value to the benefit of our mutual customers."

For additional information about Tower Semiconductor’s technology offering, please visit here.

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About Tower Semiconductor
Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high value analog semiconductor solutions, provides technology, development, and process platforms for integrated circuits (ICs) in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating positive and sustainable impact on the world through long term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, integrated power management (BCD and 700V), photonics, and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns two facilities in Israel (150mm and 200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo, a 300mm facility in Agrate, Italy, shared with ST as well as a 300mm capacity corridor in Intel’s New Mexico factory. For more information, please visit: www.towersemi.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 Tower’s business is included under the heading “Risk Factors” in Tower’s most recent filings on Forms 20-F and 6-K, as were filed with the Securities and Exchange Commission (the “SEC”) and the Israel Securities Authority. Tower does not intend to update, and expressly disclaim any obligation to update, the information contained in this release.

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Tower Semiconductor Investor Relations Contact: Noit Levy | +972-4-604-7066 | noitle@towersemi.com

Tower Semiconductor Company Contact: Orit Shahar | +972-74-7377440 | oritsha@towersemi.com

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FAQ

Why did Semtech award Tower Semiconductor (TSEM) in 2024?

Semtech awarded Tower Semiconductor for Manufacturing Excellence and Partnership in Execution of CY2024 Wafer Shipments, recognizing their ability to ramp up high-volume production of SiGe integrated circuits during peak demand periods.

What products do Tower Semiconductor (TSEM) and Semtech collaborate on?

They collaborate on SiGe products for AI and data center applications, including transimpedance amplifiers, drivers, clock and data recovery, and active copper cable components.

What is the significance of Tower Semiconductor's (TSEM) SiGe technology?

Tower's SiGe technology is important for meeting high demand in AI and data center applications, enabling the development and delivery of leading-edge optical networking solutions.

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