Tower signs deal with Shanghai hub

Tower signs deal with Shanghai hub

Business news |
By eeNews Europe

Shanghai ICC is a non-profit group formed by the Chinese government to help grow China’s emerging IC companies. Shanghai ICC, approved by China’s ministry of science and technology, provides EDA and testing services to local companies and organizes multiproject wafer runs.

Through the partnership Shanghai ICC’s customers will be supported in the use of Tower’s mixed-signal CMOS and power technologies, thereby increasing TowerJazz sales in China.

Shanghai ICC receives many requests for technology that it cannot service through its current network of manufacturing support, Tower said. The addition of Tower to the network will fill this need.

"TowerJazz is a leading foundry in the mixed-signal CMOS and power arenas and we are excited to partner with them and expand our capabilities. By offering our customers access to TowerJazz’s specialty process platforms, we will enable exceptional design and manufacturing for even more of China’s emerging IC companies," said Litian Zhang, General Manager of Shanghai ICC, in a statement issued by Tower.

Tower did have a 10 percent stake in Hua Hong Semiconductor Ltd. (HHSL) but sold it for $32 million in cash in July 2011. Tower originally acquired the stake when it took over Jazz Semiconductor Inc. (Newport Beach, Calif.) in May 2008.

Since then Tower has acquired a wafer fab belonging to Micron Technology Inc. in Nishiwaki City, Hyogo prefecture, Japan, and could receive three wafer fabs from Panasonic in deal reported to go through in 2014. Tower is also a participant in a consortium preparing to build one or two wafer fabs in India.

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