News Article
Tower Semiconductor to increase its sales activity in Europe
ETesiAN will be one of the local representative to address the $1.9B European foundry market.
Tower Semiconductor, an independent specialty foundry, announced teaming up with ETesiAN Semiconductor to provide local support for Tower’s growing customer base in Europe. ETesiAN joins Solution in Silicon in the UK and Scandinavia and EquipIC in the Netherlands to further strengthen Tower’s support for existing and new European customers.
The new European representative office will be providing both logistic and technical support to Tower’s existing customers as well as work to expand Tower’s customer base in the region by winning new opportunities. According to a recent McClean report, the European Total Available Market (TAM) for pure play foundry in 2007 was $1.9B, representing 9% of the world wide foundry 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 of local representative offices supporting Tower’s customers. We are proud to be offering Tower’s state of the art technologies to the demanding European customers.” said Elie Toledano, CEO of ETesiAN “We have identified an excellent match between Tower’s specialty technology offering and the European market needs. Complemented by Tower’s superior customer support, we foresee a prosperous future and business growth.”
“Tower has been in production for European customers for more than a decade. The surge in demand for Tower’s advanced processes, stemming from new and existing customers, motivated us to expand our sales channels in Europe by teaming up with an additional representative company.” said Jonathan Gendler, Tower’s Director of Europe Sales “Tower’s renowned customer support is further strengthened to answer the needs of existing customers and handle the increased influx of new opportunities.”
Tower recently launched its new Power Management platform in the 0.18-micron technology node. This new offering, as well as Tower’s Mixed-Signal, RF-CMOS, CMOS image sensors and embedded NVM, serve well the demand for specialty and customised technologies of the European market.
