FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
For the month of February 2006 No. 2
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 6, 2006, the Registrant announced that it manufactures wireless
LAN chips for Atheros Communications. 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 6, 2006 By: /S/ Nati Somekh Gilboa
--------------------------
Nati Somekh Gilboa
Corporate Secretary
TOWER SEMICONDUCTOR MANUFACTURES WIRELESS LAN CHIPS
FOR ATHEROS COMMUNICATIONS
Tower's RF CMOS Technology Used in Production of Atheros Single-Chip
WLAN Products
MIGDAL HAEMEK, ISRAEL - February 6, 2006 - Tower Semiconductor Ltd. (NASDAQ:
TSEM; TASE: TSEM), A pure-play independent specialty foundry, today announced
that the company has begun the production of wireless LAN products for Atheros
Communications, Inc. (NASDAQ: ATHR), a leading developer of advanced wireless
solutions. The wireless LAN semiconductor market in which Atheros competes is
projected to be $3 billion in 2009.1
"We are pleased to add Tower Semiconductor to our list of qualified vendors,"
said Paul Franklin, vice president of operations at Atheros Communications. "We
have set stringent qualification standards for all of our wafer suppliers and
Tower has passed on all levels."
"We are glad that Atheros has chosen to manufacture some of its advanced
wireless devices in Tower's Fab 2," said Yossi Netzer, general manager of
mixed-signal & RF product line at Tower Semiconductor. "The Atheros WLAN
products feature breakthrough technologies that save power while increasing
throughput and extending the range of 802.11 networks. The company achieves this
high performance in integrated, single-chip RF designs manufactured using
low-cost, digital CMOS. We look forward to a longstanding relationship that
enables Atheros to continue to bring superior products to market."
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
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-micron and below 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/.
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1 Worldwide WLAN Semiconductor Forecast, 2005-2009, IDC Research, April, 2005
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
FORMS 20-F, 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
Pacifico Inc.
PR Agency Contact
Mary Curtis, +1 408 293 8600
mcurtis@pacifico.com