FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
For the month of March 2007
TOWER SEMICONDUCTOR LTD.
(Translation of registrant's name into English)
RAMAT GAVRIEL INDUSTRIAL PARK
P.O. BOX 619, MIGDAL HAEMEK, ISRAEL 23105
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [_]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [_] No [X]
On March 15, 2007, Tower Semiconductor announces it Begins High Volume
Production of Zoran ICs on 0.16 Micron Manufacturing Process, attached hereto is
a copy of the press release.
This Form 6-K is being incorporated by reference into all effective
registration statements filed by us under the Securities Act of 1933.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
TOWER SEMICONDUCTOR LTD.
Date: March 15, 2007 By: /s/ Nati Somekh Gilboa
--------------------------
Nati Somekh Gilboa
Corporate Secretary
TOWER SEMICONDUCTOR BEGINS HIGH VOLUME PRODUCTION OF
ZORAN ICS ON 0.16 MICRON MANUFACTURING PROCESS
MIGDAL HAEMEK, Israel - March 15 2007 - Tower Semiconductor, Ltd., a pure-play
independent specialty wafer foundry (NASDAQ: TSEM; TASE: TSEM) today announced
that it has begun manufacturing additional Zoran Corporation ICs at Tower's
FAB2, using its cost-effective 0.16-micron geometry.
"We appreciate Tower's close collaboration, high level of customer support and
the cost- effective technology Tower developed at Fab-2," said Tzach Hadas, vice
president operations at Zoran. "This launch is a result of our long standing
relationship with Tower, and we have high expectations for continued future
cooperation while we further push the design and technology envelopes beyond
their existing limitations."
"We are pleased to complement Zoran's expertise in digital solutions with our
advanced 0.16-micron geometry offering that provides a cost-effective solution
for intricate digital functionality such as that implemented in Zoran's advanced
products," said Dani Ashkenazi, General Manager of Core-CMOS product line at
Tower. "We take pride in supporting technology-savvy customers, such as Zoran,
with very fast ramps to volume production".
ABOUT TOWER SEMICONDUCTOR LTD.
Tower Semiconductor Ltd. is a pure-play independent specialty wafer foundry
established in 1993. The company manufactures integrated circuits with
geometries ranging from 1.0 to 0.13-micron; it also provides complementary
technical services and design support. In addition to digital CMOS process
technology, Tower offers advanced non-volatile memory solutions, mixed-signal &
RF-CMOS, and CMOS image-sensor technologies. To provide world-class customer
service, the company maintains two manufacturing facilities, 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.
SAFE HARBOR
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 our business is
included under the heading "Risk Factors" in our most recent Annual Report on
Form 20-F, Forms F-1, F-3 and 6-K, as were filed with the Securities and
Exchange Commission and the Israel Securities Authority. We do not intend to
update, and expressly disclaim any obligation to update, the information
contained in this release.
TOWER CONTACTS:
Tower Semiconductor USA
Michael Axelrod, 408-330-6871
pr@towersemi.com
or
Shelton Group
Melissa Conger, (972) 239-5119 ext. 137
mconger@sheltongroup.com