SWID Selects Jazz Semiconductor's 0.35-Micron SiGe BiCMOS Process and Models; Achieves First-Time Success for Digital Satellite Tuner

SWID Selects Jazz Semiconductor's 0.35-Micron SiGe BiCMOS Process and Models; Achieves First-Time Success for Digital Satellite Tuner

SWID's Fully Integrated RF Tuner Used in Set-Top-Boxes (STBs) and Mobile TVs to Receive Signals From Satellite

NEWPORT BEACH, California and SHENZHEN, China, August 24/PRNewswire-FirstCall/ --

- Combined Digital STB and Mobile TV Market Expected to Grow From
$334M in 2009 to $630M in 2012, a CAGR of 23.5%

Jazz Semiconductor , a Tower Group Company (NASDAQ: TSEM,
TASE: TSEM), today announced that Southwest Integrated Circuit Design (SWID),
a fabless IC design company, selected its 0.35-micron SiGe BiCMOS process
(SBC35) and models to develop their satellite tuner LW10039, a fully
integrated RF tuner for DVB-S digital satellite receiver systems. The end
products utilizing SWID's tuner are set-top-boxes (STBs) and mobile TVs to
receive signals from a satellite. According to Strategy Analytics, the
combined digital STB and mobile TV market is expected to grow from $334
million in 2009 to $630 million in 2012, a CAGR of 23.5%. Through this
partnership, SWID has set a goal to become the major TV tuner supplier in
China.

SWID utilized Jazz's SBC35 process, which includes high
performance diodes. This enables lower leakage currents and higher breakdown
voltage, reducing power consumption and increasing tuning range for much
better VCOs. SBC35 also includes high-quality factor variable capacitors
which are a key component in complex RF designs. The LW10039 incorporates a
fully integrated wide band, low noise PLL frequency synthesizer, which
provides LO signals. The LW10039 also has LNA, RFVGA, I/Q mixer, LPF, VGC and
an IF output amplifier - all integrated in the same 28 pin QFP chip.

"The SWID team was very impressed by the tools and accurate
simulation models offered by Jazz which enabled us to achieve first-time
success," said Lin Fan, President of SWID. "Simply put, Jazz's process,
models and tool kits are by far the best in the industry for RF IC designs.
By utilizing these design enablement capabilities, we were able to reduce our
design cycle time by five months."

"We are pleased to be working with a fast-paced company like
SWID, helping them bring to market new RF products," said Dr. Marco
Racanelli, Senior Vice President and General Manager, RF and HPA Business
Group at Jazz. "SWID's circuit design excellence coupled with our design
enablement capabilities and superior SiGe process technology enabled their RF
tuner to be designed quickly, accurately and cost-effectively providing
performance, time-to-market and cost advantages."

Jazz's SBC35 process enables customers to have better noise
performance over standard CMOS as well as to combine the LNA into a one-chip
design thereby saving board space and reducing total manufacturing and design
costs. In addition, Jazz's industry-leading models and tools provide key
benefits to RF IC designers:

- Advanced de-embedding techniques are used to generate
accurate high frequency device models.
- Physical design enablement tools such as the Jazz Inductor
Toolbox (JIT) allow high-quality passives to be designed in a short
Time for quick time-to-market.
- Design for manufacturing tools such as Jazz's process control
model tool (PCMT) and its X-Sigma tool allow designs to be optimized
for yield, critical for price sensitive consumer applications.

About SWID

Southwest Integrated Circuit Design Co., Ltd, (SWID), provides
integrated circuits (ICs) and other electronic circuits for mobile
communication, modules and systems, circuit design, circuit production,
circuit test, and circuit marketing, as well as provides consultation service
for circuit design and production technologies. Using the fabless model, SWID
designs and develops high-end products with proprietary IP, and represents
China's analog ICs standard. SWID has many senior engineers for RF IC design
and other analog-oriented ICs. SWID is located in China with a design center
in Chongqing and an office in Shenzhen. For more information, please visit
http://www.swid.com.cn.

About Tower Semiconductor, Ltd. and Jazz Semiconductor, Inc.

Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM) is a
global specialty foundry leader and its fully owned subsidiary Jazz
Semiconductor, a Tower Group Company is a leader in Analog-Intensive
Mixed-Signal (AIMS) foundry solutions. Tower and Jazz manufacture integrated
circuits with geometries ranging from 1.0 to 0.13-micron and provide industry
leading design enablement tools to allow complex designs to be achieved
quickly and more accurately. Tower and Jazz offer a broad range of process
technologies including Digital, Mixed-Signal and RFCMOS, HV CMOS, BCD,
Non-Volatile Memory (NVM), Embedded NVM, MEMS, and CMOS Image Sensors. To
provide world-class customer service, Tower and Jazz maintain two
manufacturing facilities in Israel and one in the U.S. with additional
manufacturing capacity available in China through partnerships with ASMC and
HHNEC. For more information, please visit http://www.towersemi.com and
http://www.jazzsemi.com.

Safe Harbor Regarding Forward-Looking Statements

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 Tower's and Jazz's business is included under the heading
"Risk Factors" in Tower's most recent filings on Forms 20-F, F-3, F-4 and
6-K, as were filed with the Securities and Exchange Commission (the "SEC")
and the Israel Securities Authority and Jazz's most recent filings on Forms
10-K and 10-Q, as were filed with the SEC. Tower and Jazz do not intend to
update, and expressly disclaim any obligation to update, the information
contained in this release.

Jazz Company Contact:
Melinda Jarrell
+1-949/435-8181
melinda.jarrell@tower-usa.com

Jazz Media Contact:
Lauri Julian
+1-949/715-3049
lauri.julian@jazzsemi.com

Tower Investor Relations Contact:
Noit Levi
+972-4-604-7066
noitle@towersemi.com

SWID Company Contact:
Tobey Liu
+86-23-62771116
production@swid.com.cn

SWID Media Contact:
Gengqiang Chen
+86-23-62836174
market@swid.com.cn

Source: Tower Semiconductor Ltd

Jazz Company Contact: Melinda Jarrell, +1-949/435-8181, melinda.jarrell@tower-usa.com; Jazz Media Contact: Lauri Julian, +1-949/715-3049, lauri.julian@jazzsemi.com; Tower Investor Relations Contact: Noit Levi, +972-4-604-7066, noitle@towersemi.com; SWID Company Contact:
Tobey Liu, +86-23-62771116, production@swid.com.cn; SWID Media Contact:, Gengqiang Chen, +86-23-62836174, market@swid.com.cn

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