TowerJazz acquires Micron’s fab in Japan

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TOWERJAZZ has completed its acquisition of Micron Technology’s fabrication facility in Nishiwaki City, Hyogo, Japan.

According to the specialty foundry company, this acquisition nearly doubles its current internal manufacturing capacity, increasing production by 60,000 wafers per month.

TowerJazz claims the added capacity will serve the growing needs of its expanding blue chip customer base, and also open doors in Japan. TowerJazz has a target of $1billion annual revenue run rate by 2014.

TowerJazz now has two fabs in Israel, one in the US, additional capacity through partnerships in China, and the newly acquired fab in Japan.

The firm claims it will be able to bring its analogue specialty leadership to the next level with this acquisition, and will be able to assure customers of its capability to meet their growing needs.

The facility can support geometries down to 95nm and can also be used to manufacture other products using TowerJazz process technologies. TowerJazz plans to quickly qualify its core power management platforms to serve the substantial growth demand from its Korean customers and then build high end RF capabilities.