News Article
TowerJazz Targets India's Emerging Semiconductor Market
TowerJazz, has announced it has signed a non-exclusive MOU with a European entity to seek process transfer opportunities and projects in India and Brazil. TowerJazz will supply training, manufacturing know-how, project management and technical support and its partner will supply the intellectual property licenses, supporting services and training.
TowerJazz envisions the Indian and the Brazilian semiconductor market to be among the highest growth potential markets in the world, and decided to join efforts with a world leader in nanoelectronics research to collaborate in the field of technology transfer to support this growing trend. Both India and Brazil are emerging as promising markets in the semiconductor industry. It is estimated that India will be at hundreds of billions of dollars total semiconductor market by 2020.
TowerJazz and its European partner share over 15 years of collaboration in various process transfer activities and transactions and have derived impressive results. The companies have the capabilities to collaborate on all technology nodes from 1um to 32nm including MEMS. Together, they will target Indian and Brazilian fabless companies and IDMs with India and Brazil as their end markets. "We are extremely pleased with this continued alliance with our European partner to bring together the competencies of both companies to engage in project transfer opportunities in growing markets such as India and Brazil. With our TOPS business unit (Transfer Optimization Process Services), we are well equipped for such activities and look forward to winning many more successful projects," said Dr. Itzhak Edrei, President of TowerJazz.
