TAEJIN Selects Tower Semiconductor’s Power Management Process; Choice
Helps TAEJIN Target Multi-Billion Dollar Voltage Regulators Market

iSuppli estimates Regulators (Linear & Switching) Market will grow from $5B in 2009 to
approximately $7B in 2013

LG, Sanyo, and Panasonic are among TAEJIN's key customers for consumer applications

DAEJEON, Korea and MIGDAL HA’EMEK, Israel, August 31, 2009 – TAEJIN Technology, Co., Ltd., a supplier of linear and switching regulators to a wide variety of consumer and mobile applications, today announced it has selected Tower Semiconductor, Ltd. (Nasdaq: TSEM, TASE: TASE: TSEM), a leading global specialty foundry, to manufacture its low power, high efficiency voltage regulator ICs. Tower was chosen for its advanced power management platform to enable TAEJIN to quickly address the needs of the multi-billion dollar voltage regulators market which, according to iSuppli is expected to grow from $5 billion in 2009 to approximately $7 billion in 2013.

TAEJIN offers an extensive line of power management products including linear and switching regulators, power supply controllers, and DC-DC converters. These devices are used in various consumer, computing, communication, and automotive products including xDSL, PCs, set-top boxes, LCD displays, GPS systems and many other applications. TAEJIN’s voltage regulator ICs are integrated into products offered by many customers in Korea, Japan and China including LG, Sanyo, Panasonic, JVC, and VIZIO (AmTRAN), among others.

To provide the most advanced ICs to its customers, TAEJIN chose Tower’s power management process for its 20V to 60V scalable LDMOS which provides design optimization and the smallest die size at any given breakdown voltage. Tower’s differentiated power platform supports a family of three process nodes and offers unified design kits allowing customers to create cost-effective products at any desired level of integration while taking advantage of a consistent design environment for fast time-to-revenue.

“We selected Tower as our specialty foundry partner as they are known to have the best record for first time success. We have worked with other foundries, but they could not meet our requirements for performance, price, customer service, and modeling accuracy,” said Choi Tae Hyouk, CEO and President of TAEJIN Technology. “Tower’s enhanced power management platform and superior design enablement capabilities meet our own high standards for quality and have enabled our success in quickly addressing the growing needs of our customers and ramping to volume production. We look forward to continuing our strong and strategic relationship to deliver next-generation power management products.”

“TAEJIN is a leading multi-product power management IC provider and is well-known for its quality as well as its diversification strategy and R&D intensity to consistently and quickly meet their customers’ needs,” said Russell Ellwanger, CEO of Tower Semiconductor. “TAEJIN spends a great deal of time working closely with their customers to realize market trends, technical requirements and individual performance needs for various power management applications. We are honored to be their foundry of choice to help them in targeting the multi-billion dollar voltage regulator market and continuing to supply their valued customers with products offering the best value, performance and reliability.”