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post #21 of 38
Tower Semiconductor Selected as Preferred Foundry by C&S Technology in Korea for Power Automotive DevicesFont size: A | A | A9:36 AM ET 10/12/09 | PR Newswire
- C&S Technology is First Ever Local Provider of Power Automotive Devices, Reducing the Reliance on Overseas Imports

Tower Semiconductor, Ltd. (Nasdaq: TSEM, TASE: TASE: TSEM) selected by C&S Technology in Korea as its preferred foundry to manufacture its power automotive devices. C&S Technology, the official automotive device supplier of multimedia solutions (audio and video systems) for Hyundai & Kia Motor Company, will now supply a power device to the automotive manufacturer. The device can integrate multiple ICs that are typically independent within the vehicle, resulting in a more cost-effective solution. As this IC is being designed for current models of automobiles, the volume ramp will be several years sooner. This customer engagement for Tower is one of several recently announced in Korea as momentum grows for its advanced Bipolar-CMOS-DMOS (BCD) power management process.

This strong focus on utilizing the innovation and accumulated design capabilities prevalent in the Korean fabless community allows Korea to strengthen their competitiveness in both the automotive and IC markets, reducing its reliance on overseas suppliers. As more vehicles are being equipped with power, multimedia and network devices, the demand for automotive chips will increase. The percentage of electronic parts used in vehicles is expected to reach 40% by 2015 and over 30% will have semiconductors.

"We chose Tower's 0.35-micron power management 60V solution for its integration capabilities and their strong quality commitment to automotive manufacturing requirements," said, Mr. J.Y. Kim, Head of Automotive Business, C&S Technology. "In addition, the modularity of the Power BCD process gives us the ability to reuse much of our IP in future more highly integrated designs."

"Tower's modular platform with scalable voltage LDMOS is ideal for the family of automotive devices required by C&S Technology," stated Dr. Itzhak Edrei, Executive VP, Tower and Jazz Business Units. "The advanced, and we believe singular modeling capability, combined with the process flow efficiency (20 - 30% less mask layers than standard IDM offerings) provides C&S Technology a cost- effective, best-in-class technical capability. We are thrilled that our differentiated capability, combined with a dedicated customer support structure and our continued commitment to quality is gaining wide acceptance within a technically demanding Korean market."
post #22 of 38
Resistance at 1.14
post #23 of 38
I put this on my watchlist at .91. I see these breaking threw resistance and going to previous highs.
post #24 of 38
Keep an eye on this one today
post #25 of 38
post #26 of 38
How did this not move it at all?
post #27 of 38
Looks ready to take off IMHO!
post #28 of 38
Pretty good news today!!!
post #29 of 38
this one put me in the green today. up 10% today and been a steady climb since Dec '09.
post #30 of 38
I just took a long position here. We'll see what happens. Chardan Capital Markets analyst covering TowerJazz raised target price to 3.10.


chart.ashx?t=TSEM&ta=1&p=d&s=l
post #31 of 38
Making some nice moves off the lows today!
post #32 of 38
Not in this one guys, but it could explode at any moment. Some really good news out today about settling debt. Hoping it will hold off on the move until I can free some funds.

chart.ashx?t=TSEM&ta=1&p=d&s=l
post #33 of 38
Anyone in this one? I picked up a few this morning
post #34 of 38
Took a starter position today! Working in a nice channel.
post #35 of 38
Nice day here today. Hopefully tomorrow we get some follow through. I added a bunch today
post #36 of 38
So far so good, trading in the 1.45-9 range this morning in the PM. Lets see if she can hold her gains today.
post #37 of 38
Bump Earnings are scheduled for 2/23/11 Were looking for .14 If this this estimate is met it gives them a P/E of well less than 3
post #38 of 38

Keep an eye on this one this week.  Earnings next Monday.  Should make a nice move up in anticipation!

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