Chip maker TowerJazz (Nasdaq: TSEM; TASE: TSEM) will collaborate with Tanner EDA to develop process design kits (PDKs) for analog/mixed-signal (A/MS) designers.
The value of the deal was not reported, but market sources estimate that the contract with Tanner will lead to revenue of about $10 million per quarter beginning in 2012 or 2013.
Tanner, based in Monrovia, California, makes electronic design automation (EDA) tools. The joint initiative will use Tanner EDA's HiPer Silicon software. The collaboration gives Tanner EDA customers access to TowerJazz's 0.18- and 0.35-micron power management process platform, and TowerJazz customers access to Tanner EDA's A/MS tools.
The companies said that the PDKs for power management devices will be available in the first quarter of 2010.
TowerJazz VP VLSI design center Ori Galzur said, "By working with EDA vendors such as Tanner EDA, we can provide our mutual customers with an advanced power management platform and customized design capabilities to achieve more predictable designs."
This month, about a year after Migdal Ha'Emek-based Tower acquired Jazz Technologies, the company rebranded as TowerJazz.
TowerJazz shares closed yesterday at $1.01, down about 1%. It has a market cap of $161.64 million.
Published by Globes [online], Israel business news - www.globes-online.com - on November 19, 2009
© Copyright of Globes Publisher Itonut (1983) Ltd. 2009