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| Tower buys US foundry | Published by: Globes www.globes.co.il Michal Yoshai 20/05/2008
| The firms look to gain from the increased specialty processes they will offer.
Independent specialty foundry Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) has acquired American Stock Exchange-listed Jazz Technologies Inc. (AMEX: JAZ) in an all stock transaction. Jazz Technologies is the parent company of Jazz Semiconductor, an independent wafer foundry focused on analog-intensive mixed-signal (AIMS) process technologies. Tower and Jazz have complementary businesses, and the combined company will subsequently offer more specialty processes than as separate firms.
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