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TowerJazz expands presence in China

Dec. 03, 2013 8:29 AM ETTower Semiconductor Ltd. (TSEM) StockTSEMBy: 2, SA News Editor
  • TowerJazz (NASDAQ:TSEM) inks a Memorandum of Understanding with non-profit Shanghai International Commerce Center to provide TowerJazz's technical/manufacturing capabilities using the company's mixed-signal CMOS and power technologies.
  • Through the partnership, TowerJazz aims to expand its access to Chinese IC companies and other potential customers.
  • TowerJazz's revenue from the Asia-Pacific region represented 10% of overall sales in 2012, up from 8% in 2011.

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