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IR signs foundry agreement with Tower Semi

Posted: 27 Sep 2006 ?? ?Print Version ?Bookmark and Share

Keywords:International Rectifier? IR? Tower Semiconductor? foundry agreement? wafer production?

Tower Semiconductor Ltd has signed a definitive long-term foundry agreement with International Rectifier (IR) to produce semiconductor wafers for IR at Tower's Fab2, utilizing IR's proprietary technology. The agreement is for high-volume wafer manufacturing.

"We chose Tower as a foundry partner following a rigorous evaluation process," said Dr. Alex Lidow, IR's CEO. "Tower's experience in successful technology transfers, combined with a can-do attitude and great engineering talent, made it the best choice for us. We are confident this foundry partnership will further strengthen our leading position in the market."

"We are thrilled that IR, the world leader in power management, chose Tower as a foundry partner," said Tower CEO Russell Ellwanger in a statement. "Such a decision from a premier company in the semiconductor industry validates the capabilities of Tower's engineering and manufacturing teams. We look forward to many years of partnership and mutual success."

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