JAZZ SEMICONDUCTOR APPOINTS BRENT JENSEN VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

Veteran Semiconductor Industry Executive Bolsters Management Team

NEWPORT BEACH, Calif., July 7, 2005 -- Jazz Semiconductor, an independent semiconductor wafer foundry, today announced the appointment of Brent Jensen as its Vice President and Chief Financial Officer (CFO). In this capacity, Jensen will be responsible for leading all of the company's financial endeavors.

Mr. Jensen began his financial career in the semiconductor business in the early eighties with National Semiconductor and has worked in the industry for over 15 years. Prior to Jazz, he held the position of CFO with a pharmaceutical company, ZARS, Inc. Preceding this, Jensen spent 13 years with AMI Semiconductor in various financial positions, most recently as senior vice president and CFO. As such, he was responsible for the worldwide financial role of the company. During Jensen's term, AMI Semiconductor successfully completed a $600 million IPO in September 2003. Prior to AMI Semiconductor, Jensen held the position of controller with SII MegaDiamond, Inc. and was senior auditor with KPMG Peat Marwick, LLP. Jensen received both his Master of Accounting degree and his bachelor's degree in Accounting from Brigham Young University. He is a certified public accountant.

According to Shu Li, Jazz Semiconductor president and chief executive officer, "Jensen's long history in the semiconductor industry coupled with his financial expertise is an ideal complement to our strong management team. His appointment will aid in the development and execution of our strategic initiatives moving forward."

About Jazz Semiconductor
Jazz Semiconductor is an independent wafer foundry focused primarily on specialty CMOS process technologies, including SiGe BiCMOS and RFCMOS for the manufacture of highly integrated analog and mixed-signal semiconductor devices. Jazz’s executive offices and its U.S. wafer fabrication facilities are located in Newport Beach, California. Jazz has expanded its wafer capacity in China through manufacturing partnerships with Advanced Semiconductor Manufacturing Corporation and Hua Hong NEC Electronics Co., Ltd. Contact Jazz Semiconductor at www.jazzsemi.com

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

Jazz Media Contact
Lauri Julian
Lages & Associates
949/453-8080
lauri@lages.com