JAZZ SEMICONDUCTOR, INC. FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING

NEWPORT BEACH, Calif., April 24, 2006 -- Jazz Semiconductor, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for the proposed initial public offering of its common stock.

The underwriters of the offering will be Cowen & Company and Needham & Company, LLC, acting as joint book-running managers, and Wachovia Securities acting as co-manager. The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to this offering may be obtained from Cowen & Company, Prospectus Department, 1221 Avenue of the Americas, New York, NY 10020, from Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, or from Wachovia Securities, 375 Park Ave, New York, NY 10152.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About Jazz Semiconductor
Jazz Semiconductor is an independent wafer foundry focused primarily on specialty CMOS process technologies, including High Voltage CMOS, SiGe BiCMOS and RFCMOS for the manufacture of highly integrated analog and mixed-signal semiconductor devices. Jazz serves customers targeting wireless, optical networking, power management, consumer electronics, storage, aerospace/defense and other high performance applications. Jazz executive offices and its U.S. wafer fabrication facilities are located in Newport Beach, CA. For more information, please visit www.jazzsemi.com.

Jazz Company Contact
Jessica McNaughton
949/435-8086
jessica.mcnaughton@jazzsemi.com

Jazz Media Contact
Lauri Julian
949/715-3049
l.julian@mediaconnectpr.com

 

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