FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
For the month of February No. 5 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 21, 2007,the registrant announced that e2v Selects Tower
Semiconductor as supplier of choice for CMOS Image Sensor devices, 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 21, 2007 By: /s/ Nati Somekh Gilboa
--------------------------
Nati Somekh Gilboa
Corporate Secretary
E2V SELECTS TOWER SEMICONDUCTOR AS SUPPLIER
OF CHOICE FOR CMOS IMAGE SENSOR DEVICES
CHELMSFORD, ENGLAND AND MIGDAL HA'EMEK, ISRAEL - February 21, 2007 - e2v (LSE:
E2V.L), a leading developer and manufacturer of high-technology electronic
components and sub-systems, and Tower Semiconductor, Ltd. (Nasdaq: TSEM, TASE:
TSEM), a pure-play independent specialty wafer foundry, today announced that e2v
has selected Tower Semiconductor as its supplier of choice for its CMOS
(Complementary Metal Oxide Semiconductor) image sensor devices.
The design expertise of e2v, combined with the high performance CMOS
manufacturing capabilities of Tower Semiconductor, will result in a brand new
generation of `System on a Chip' sensors benefiting from high image quality as
well as embedded capabilities.
e2v's CMOS Image Sensor (CIS) products target a broad range of industrial and
medical applications. The CMOS sensors will be produced in Tower's advanced
Fab2, using the CIS 0.18 micron process and its advanced capabilities. e2v and
Tower are currently focusing on ten key development projects.
"With Tower's state-of-the-art CMOS image sensor manufacturing process, their
unique stitching technology and clear desire to work with us in developing our
business, it became an obvious choice for us to select Tower" said Jean-Philippe
Lamarcq Imaging Business Unit General Manager at e2v, Grenoble. Adding "We are
very happy with the depth of cooperation with Tower and look forward to a
long-term business relationship."
With over 25 years' experience, e2v is a leader in the professional imaging
market. This deal will further enhance e2v's position in key markets, such as
medical and industrial imaging, growing at annual rates of 10-15%.
"We are pleased to provide e2v with our advanced CMOS image sensing design,
device and process innovations, leading to excellent picture quality and
superior product performance " said Dr. Avi Strum, general manager of the CMOS
image sensor product line at Tower Semiconductor, " The selection by e2v is the
result of a two-year joint development program between Tower and the Grenoble
facility as well as the major technology breakthroughs we have demonstrated. We
are happy to continue providing e2v with effective technology capabilities and
support".
ABOUT TOWER SEMICONDUCTOR LTD.
Tower Semiconductor Ltd. (Nasdaq: TSEM, TASE: TSEM) 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
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
ABOUT E2V TECHNOLOGIES PLC
e2v technologies is a leading designer, developer and manufacturer of
specialised components and subsystems, falling within two product groups:
o Electronic tubes
o Sensors and Semiconductors
These products enable some of the world's leading OEMs to deliver innovative
systems for medical and science, aerospace and defence, and commercial and
industrial applications.
For the year ended 31 March 2006, e2v achieved sales of (pound)112m and is
listed on the London Stock Exchange (e2v.l). In July 2006 e2v technologies plc
acquired a leading designer, manufacturer and distributor of specialised
electronic components and sub-systems, based in Grenoble, France. The
acquisition represents an opportunity to strengthen the Group's position as a
major global provider of specialised electronic components and subsystems.
e2v's products are supplied into three core market areas:
o Medical & Science: Sensor technology includes imaging sensors for
intra-oral and panoramic dental X-ray, mammography, life science
applications and X-ray microscopy. Electronic tubes are the enabling
technology behind radiotherapy cancer treatments, microwave medical
therapy and high-energy physics.
o Aerospace & Defence: Sensor technology includes military surveillance,
targeting and guidance, space-based imaging and astronomy, radar &
electronic warfare and broadband data converters and microprocessors
for aerospace applications. Electronic tubes provide the enabling
technology behind radars, electronic countermeasures (ECM), electronic
warfare and satellite communications.
o Commercial & Industrial: Sensor technology includes marine radars,
industrial safety sensors, automotive radars and alarms, thermal
imaging cameras used by fire fighters, CCD and CMOS high resolution
line scan cameras for industrial inspection. Electronic tubes provide
enabling technology behind TV broadcast, satellite communications,
marine radar and food & industrial processing.
The overall purpose of the business is to grow sustainable shareholder value
whilst appropriately meeting the expectations of customers, people, partners,
suppliers and the wider community. e2v's vision is to create value through
bright ideas in technology and materials science. The Company's mission is to
place customers at the heart of the business, providing enabling products of
premium quality that extend technical barriers and enhance the competitive
position of our partners.
e2v has approximately 1,800 employees worldwide with three UK based
manufacturing sites in Chelmsford, Lincoln and High Wycombe, and one in
Grenoble, France. In addition e2v has sales offices in the UK, USA, Germany and
France and Hong Kong, as well as a network of distributors and representatives
covering other key territories.
Further information on e2v technologies plc is available from its website,
www.e2v.com
E2V PRESS CONTACT:
Sylvie Mattei, Communications Manager
Phone: +33 4 76 58 30 25, mailto:sylvie.mattei@e2v.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.