FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
For the month of February No. 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 February 20, 2007, the registrant announces Tower Semiconductor Begins
Production of CopperGate's Next Generation HomePNA Product, 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: February 20, 2007 By: /s/ Nati Somekh Gilboa
--------------------------
Nati Somekh Gilboa
Corporate Secretary
TOWER SEMICONDUCTOR BEGINS PRODUCTION OF COPPERGATE'S
NEXT GENERATION HOMEPNA PRODUCT
THE NEW PRODUCT IMPLEMENTS THE IMPROVED STANDARD
FOR HOME NETWORKING VIA PHONE AND COAX WIRES
MIGDAL HAEMEK, Israel - February 20, 2007 - Tower Semiconductor, Ltd. (NASDAQ:
TSEM; TASE: TSEM), a pure-play independent specialty wafer foundry, and
CopperGate Communications Ltd. announced today the production start of
CopperGate's newest home networking modem controller. The new device implements
the HomePNA 3.1 and ITU G.9954 standards, which will bring higher performance
and superior quality to home networking using existing wires. The new
CopperGate's new product is implemented using Tower's Fab2 0.18-micron process.
Design and manufacturing services for the product are provided by Open-Silicon,
a leading third party ASIC house.
"With Tower's state-of-the-art manufacturing process and effective technical
support, we were able to implement this challenging and complex networking
product in record time, while attaining excellent performance numbers," said
Gabi Hilevitz, CEO of CopperGate. "We are very happy with the mode of
cooperation from Tower and look forward to a long-term business relationship."
Recent worldwide design wins awarded to HomePNA 3.1 and CopperGate are a
testament to the technology's ability to meet market needs and translate into a
potential of multi-million installations using the new product.
"Making sure our customers meet their time-to-market window is critical to
Open-Silicon" said Dr. Shafy Eltoukhy, Vice President of Manufacturing
Operations for Open-Silicon. "The level of commitment to service that Tower
provides will help ensure that CopperGate achieves their market goals."
"We are pleased to provide CopperGate with a cost-effective and high-performance
manufacturing solution using our advanced 0.18-micron process and the
specialized features that facilitate the required networking product
functionality," said Dani Ashkenazi, general manager of the Core CMOS product
line at Tower. "We take pride in supporting technology forward customers such as
CopperGate, with effective technology know-how and support."
ABOUT COPPERGATE
CopperGate Communications develops chipsets designed to revolutionize home
networking and networked entertainment. CopperGate is the leading provider of
standards-based technology for distributing high speed IP data throughout the
home over existing wires. CopperGate works with the world's leading system
manufacturers to deliver the only products that operate over both phone lines
and coax cables to conveniently connect equipment to broadband services
throughout the home. CopperGate's products are being deployed today by leading
service providers as key components for their triple play deployment solutions.
Founded in 2000, CopperGate is headquartered in Tel Aviv, Israel, with offices
in Newark, California, Taiwan and Tokyo. For more information, please visit
www.copper-gate.com.
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