FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
For the month of September 2006, No. 3
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 September 13 2006, the Registrant announced that Ikanos Communications
Selects Tower Semiconductor to Manufacture High Volume Network Processor,
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: September 13, 2006 By: /s/ Nati Somekh Gilboa
--------------------------
Nati Somekh Gilboa
Corporate Secretary
IKANOS COMMUNICATIONS SELECTS TOWER SEMICONDUCTOR TO MANUFACTURE
HIGH VOLUME NETWORK PROCESSOR
HIGH PERFORMANCE NETWORK PROCESSOR USED FOR TRIPLE PLAY SERVICES
MIGDAL HAEMEK, ISRAEL - September 13, 2006 - Tower Semiconductor Ltd. (NASDAQ:
TSEM; TASE: TSEM), a pure-play independent specialty foundry, today announced
that Ikanos Communications, Inc. (NASDAQ: IKAN), a leading developer and
provider of Fiber Fast(TM) broadband solutions, has chosen to manufacture its
Vx160 high-performance DSL network processor at Tower. The product will be
produced in 0.16-micron at Tower's advanced Fab2. Ikanos is a recognized leader
in the DSL semiconductor market.
The Vx160 product features architectural innovations that can easily operate at
the 100/100 Mbps (downstream/upstream) wire speeds.
"In our continued drive to diversify our manufacturing capabilities, we selected
Tower Semiconductor to manufacture our highest volume network processor," said
Joshua Rom, vice president of operations at Ikanos Communications. "Tower's
excellent engineering and manufacturing capabilities resulted in a fast product
ramp for the Vx160, ensuring that we met our customers' requirements in a timely
manner."
"We are happy that Ikanos chose Tower for manufacturing the Vx160. Tower's
design support and manufacturing team worked closely with Ikanos engineers to
bring this complex project to fruition," said Dani Ashkenazi, general manager of
the Core-CMOS product line at Tower Semiconductor. "We look forward to the
successful deployment of this product in the market place."
ABOUT TOWER SEMICONDUCTOR LTD.
Tower Semiconductor Ltd. is a pure-play independent specialty 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: Fab 1 has process
technologies from 1.0 to 0.35-micron and can produce up to 16,000 150mm wafers
per month. Fab 2 features 0.18 and 0.13-micron, standard and specialized process
technologies, and has the current capacity of up to 15,000 200mm wafers per
month. Tower's Web site is located at http://www.towersemi.com/.
ABOUT IKANOS COMMUNICATIONS, INC.
Ikanos Communications, Inc. (NASDAQ: IKAN) develops chipsets that enable
carriers to offer Fiber Fast(TM) bandwidth and high-speed network processing for
enhanced triple play services. Supporting transmission rates of up to 100 Mbps,
Ikanos' line of end-to-end silicon solutions power line terminals, CPE modems
and residential gateways for many of the world's leading network equipment
manufacturers. Ikanos' solutions enable fast and cost-effective carrier rollouts
of interactive broadband services including IPTV.
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.
CONTACTS:
Tower Semiconductor USA:
Michael Axelrod, +1 408 330 6871
pr@towersemi.com