GlobeNewswire Inc | Mar 17, 2021 07:00AM EDT

March 17, 2021

Addresses the ~$1B market for isolated SiC, GaN and MOSFET gate drivers and digital isolators serving electrical vehicle, green power and industrial end-markets

MIGDAL HAEMEK, Israel, March 17, 2021 Tower Semiconductor (NASDAQ/TASE: TSEM), the leader in high-value analog semiconductor foundry solutions, today announced a newly developed, state-of-the-art galvanic capacitor technology integrated with its 0.18um power management and mixed-signal platforms, enabling up to 12kV isolated gate driver and digital isolator ICs, which enhance safety and power efficiency for applications in the automotive, green power and industrial markets, addressing an estimated $1B market.

The new technology offers a cost and size advantage thanks to the integration of the galvanic isolator, saving the need for an additional device. Lead customers are prototyping initial products addressing applications such as battery chargers, power supplies and motor drivers for electric and hybrid vehicles, green power (solar inverters and wind turbines power converters) and industrial markets.

We are very excited to announce this innovative technology as we partner with lead customers to bring new products to market, supporting the anticipated high-growth in electrical vehicles and other applications for isolated power, said Mr. Shimon Greenberg, Towers Vice President and General Manager of Mixed-Signal and Power Management Division, AIC BU. The new technology augments our widely deployed 0.18um power technology, supporting applications from 5V to 200V.

For more information about Tower Semiconductors Power Management technology platform, please click here.

For more information about Tower Semiconductors process technology offerings, pleaseclick hereor inquire at:info@towersemi.com.

About Tower Semiconductor

Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), the leader in high-value analog semiconductor foundry solutions, provides technology and manufacturing platforms for integrated circuits (ICs) in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductors focuses on creating a positive and sustainable impact on the world through long term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, integrated power management (BCD and 700V), and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as Transfer Optimization and development Process Services (TOPS) to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor operates two manufacturing facilities in Israel (150mm and 200mm), two in the U.S. (200mm), and three facilities in Japan (two 200mm and one 300mm) through TPSCo. For more information, please visit www.towersemi.com.

Safe Harbor Regarding Forward-Looking StatementsThis press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect Towers business is included under the heading Risk Factors in Towers most recent filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the Securities and Exchange Commission (the SEC) and the Israel Securities Authority. Tower does not intend to update, and expressly disclaim any obligation to update, the information contained in this release.

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Tower Semiconductor Company Contact: Orit Shahar | +972-74-7377440 | oritsha@towersemi.com

Tower Semiconductor Investor Relations Contact: Noit Levy | +972-4-604-7066 | noitle@towersemi.com

Attachments

-- Galvanic_Capacitor_PR_Final -- Newly Developed, State-of-the-art Galvanic Isolation Technology