FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
For the month of November 2007 No.5
TOWER SEMICONDUCTOR LTD.
(Translation of registrant's name into English)
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 November 28, 2007, the Registrant announced that it Starts Volume
Production for International Rectifier. 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: November 28, 2007 By: /s/ Nati Somekh Gilboa
--------------------------
Nati Somekh Gilboa
Corporate Secretary
TOWER SEMICONDUCTOR STARTS VOLUME PRODUCTION
FOR INTERNATIONAL RECTIFIER
Ramp is Commencing this quarter, Q4 2007
MIGDAL HAEMEK, ISRAEL - November 28, 2007 - Tower Semiconductor Ltd. (Nasdaq:
TSEM; TASE: TSEM), an independent specialty foundry, today announced that it has
successfully produced, delivered and qualified the first prototype products for
International Rectifier Corporation (IR). Volume production starts this quarter
at Tower's Fab 2. The products utilize IR's proprietary technology, according to
the agreement that was announced on September 25, 2006.
The manufacturing of wafers in Fab2 progressed according to plan and wafers were
delivered on schedule. The first product came out functional and the yield met
the customer's expectations. The first product already passed qualification.
"We are very pleased with our results to date," said Zmira Shternfeld-Lavie, VP
and General Manager of Process Research & Development and Process Transfers for
Tower. "The inter team support, capability and communication has been excellent.
We are confident that the remaining milestones will also be met and look forward
to many years of partnership and mutual success."
ABOUT TOWER SEMICONDUCTOR LTD.
Tower Semiconductor Ltd. (Nasdaq: TSEM, TASE: TSEM) is an independent specialty
foundry that delivers customized solutions in a variety of advanced CMOS
technologies, including digital CMOS, mixed-signal and RF (radio frequency)
CMOS, CMOS image sensors, power management devices, and embedded non-volatile
memory solutions. Tower's customer orientation is complemented by its
uncompromising attention to quality and service. Its specialized processes and
engineering expertise provides highly flexible, customized manufacturing
solutions to fulfill the increasing variety of customer needs worldwide.
Boasting two world-class manufacturing facilities with standard and specialized
process technologies ranging from 1.0- to 0.13-micron, Tower Semiconductor
provides exceptional design support and technical services to help customers
sustain long-term, reliable product performance, while delivering on-time and
on-budget results. More information can be found 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.
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MEDIA CONTACTS:
Shelton Group, on behalf of Tower Semiconductor
Melissa Conger, 972-239-5119 ext. 137
mconger@sheltongroup.com
Tower Semiconductor
Noit Levi, +972 4 604 7066
noitle@towersemi.com