Recognizing Excellence: Tower Semiconductor Honored by Semtech for Manufacturing and Partnership

In recognition of its superb performance and execution of CY2024 wafer shipments

MIGDAL HAEMEK, Israel, Dec. 10, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM) Honored by Semtech Corporation

Efficiency, Excellence, and Innovation

Today, Tower Semiconductor has been recognized by Semtech Corporation for its Manufacturing Excellence and Partnership in Execution of CY2024 Wafer Shipments. This prestigious award highlights Tower Semiconductor’s exceptional performance in ramping high-volume products in its most advanced platform during a time of unprecedented demand for SiGe (Silicon Germanium) integrated circuits (ICs).

With a commitment to efficiency, excellence, and innovation, Tower Semiconductor has set a new standard in the semiconductor industry. By successfully delivering high-value analog semiconductor solutions, Tower Semiconductor has solidified its position as a leading foundry dedicated to meeting the evolving needs of the market.

At the core of Tower Semiconductor’s success is a steadfast dedication to partnership and collaboration. By working closely with customers like Semtech Corporation, Tower Semiconductor has been able to anticipate market trends and deliver cutting-edge solutions that drive business growth and innovation.

As we look towards the future, it is clear that Tower Semiconductor’s commitment to excellence will continue to shape the semiconductor industry and pave the way for continued growth and innovation.

How will this affect me?

As a consumer, the recognition of Tower Semiconductor by Semtech Corporation is a positive sign of innovation and excellence in the semiconductor industry. This partnership highlights the commitment to delivering high-quality products that meet the demands of an ever-evolving market. As a result, you can expect to see continued advancements in semiconductor technology that will enhance the performance and functionality of the devices you use every day.

How will this affect the world?

The recognition of Tower Semiconductor by Semtech Corporation has broader implications for the world at large. As the semiconductor industry continues to drive technological advancements across various sectors, including IoT systems and Cloud connectivity services, this partnership sets a precedent for collaboration and innovation that will shape the future of technology. By fostering strong partnerships and delivering high-value solutions, Tower Semiconductor and Semtech Corporation are contributing to a more connected, efficient, and innovative world.

Conclusion

In conclusion, the recognition of Tower Semiconductor by Semtech Corporation for Manufacturing Excellence and Partnership in Execution of CY2024 Wafer Shipments is a testament to the company’s commitment to efficiency, excellence, and innovation. This partnership not only benefits consumers by driving advancements in semiconductor technology but also has far-reaching implications for the world as a whole. As Tower Semiconductor continues to lead the way in high-value analog semiconductor solutions, we can expect to see continued growth, innovation, and collaboration in the semiconductor industry.

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