U.S. Markets close in 1 hr 47 mins

Wall Street Transcript Interview with Russell Ellwanger, CEO of TowerJazz (TSEM)

67 WALL STREET, New York - May 30, 2013 - The Wall Street Transcript has just published its Semiconductors Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Semiconductor Capital Equipment - Cloud Computing, Mobile Device Consumer Demand - Semiconductor Inventory Burnoff - Improvement from Cyclical Bottom - Semiconductor Capital Equipment Spending - New Computing Platform Demand

Companies include: Tower Semiconductor Ltd. (TSEM) and many more.

In the following excerpt from the Semiconductors Report, the CEO of TowerJazz (TSEM) discusses company strategy and the outlook for this vital industry:

TWST: Earlier this year, you announced an expanded strategic collaboration with Avago Technologies. What is the goal of that collaboration, and what success has it yielded so far?

Mr. Ellwanger: We started to work closely with the fiber optic product division of Avago several years back, and gained strong traction post-Jazz merger. It is a solid relationship with a market leader, throughout many levels of the company and in multiple divisions. The press release was with the fiber optics group. It referenced Avago using our silicon-germanium H2 platform, which is 200 gigahertz, but also being a very early adopter and hence a co-developer of the H3 280-gigahertz flow, the fastest commercially available silicon-germanium flow in the industry.

Now, as far as the fruits of that collaboration, we don't release specific figures of our revenue per customer, but the very fact of that press release and the quote that came from Avago has shown that we are an enabler for them in the partnership to achieve the lowest power, lowest noise and highest speed for their parts in that market. And I think that's really where that collaboration was.

We now have another platform that we call H4 that's in prototyping mode, which is beyond what is the fastest commercially available - 280 gigahertz - flow. It's targeted at 320 gigahertz, and it is moving forward. In the case of this specific area with Avago, it deals with optical transceivers, both for supercomputing, as well as for fiber optics. Avago remains a leader in that market, and we remain a strong partner with them.

TWST: Establishing a strong presence in Japan is one of your strategic goals. What successes have you had in Japan so far, and what plans do you have in the works to advance that goal over the next few years?

Mr. Ellwanger: Japan was a very interesting activity for us, and an interesting acquisition. The acquisition was from Micron. Micron had basically...

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.