Tower Semiconductor (Nasdaq: TSEM; TASE: TSEM), of the Israel Corp. (TASE: ILCO) group, announced today that its subsidiary Jazz Semiconductor will develop improved high-frequency components based on silicon-germanium (SiGe) technology that will replace existing gallium arsenide (GaAs) components in these markets.
Jazz said that it was working with more than half of the top 10 IC providers in several of these market segments on SiGe solutions. According to data from Strategy Analytics, the combined millimeter wave and FEM market is estimated to grow from $400 million in 2009 to over $750 million in 2012.
Jazz has partnered with Agilent to provide a SiGe design kit in ADS (Advanced Design System).
Shares in Tower Semiconductor rose by about 6% in early trading in Tel Aviv this morning, with the rise accelerating after the announcement.
Published by Globes [online], Israel business news - www.globes.co.il - on August 18, 2009
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