JAZZ SEMICONDUCTOR ACHIEVES CERTIFICATION FOR OCCUPATIONAL HEALTH AND SAFETY ASSESSMENT SERIES (OHSAS)

NEWPORT BEACH, Calif., July 31, 2007 - Jazz Semiconductor (AMEX: JAZ), a leader in RF and Analog foundry solutions, today announced that it has achieved certification to OHSAS 18001: 1999, a specification which was created from the British Standard for Occupational Health and Safety Management Systems (BS 8800). The OHSAS 18001 is an internationally accepted specification that defines the requirements for establishing, implementing and operating an Occupational Health and Safety Management System (OHSMS). An OHSMS is a framework that allows an organization to consistently identify and manage operational risks, reduce the potential for accidents, help achieve compliance with health and safety legislation, and continually improve its performance.

The OHSAS 18001 specification provides a structured approach and guidance on how to manage the health and safety aspects of business activities more effectively, while taking into consideration hazard identification, accident prevention, risk reduction and the well-being of employees. It was developed with the assistance of a number of international third party certification bodies, national standards bodies, and other interested parties. It fills a void, in that there is currently no international ISO standard suitable for independent third-party certification. OHSAS 18001 has three objectives: to minimize risk to employees and others, improve business performance, and assist organizations in establishing a responsible image within the marketplace.

"As a company dedicated to a safe working environment, we are continually building upon our health and safety program to protect employees against injuries, and we are proud to have achieved the OHSAS 18001 certification for our manufacturing facility," said Gil Amelio, chairman and chief executive officer of Jazz Technologies. "Our Health and Safety Policy helps manage and minimize risks to our employees and improves the overall operational efficiency of our organization."

The OHSAS 18001 specification was designed to be compatible with ISO 9001:2000 (Quality Management Systems) and ISO 14001:2004 (Environmental Management Systems). Jazz has achieved both of these certifications and it was the first U.S. semiconductor company to achieve the ISO 27001:2005 (Global Information Security) standard. Jazz has integrated the four management systems: quality, environmental, information security, and safety to ensure compliance and continuous improvement across the organization.

About Jazz Semiconductor
Jazz Semiconductor®, a wholly owned subsidiary of Jazz Technologies™, Inc. (AMEX: JAZ), is an independent wafer foundry primarily focused 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. The company's specialty process technologies are designed for customers who seek to produce analog and mixed-signal semiconductor devices that are smaller and more highly integrated, power-efficient, feature-rich and cost-effective than those produced using standard process technologies. Jazz customers target the wireless and high-speed wireline communications, consumer electronics, automotive, and industrial end markets. Jazz executive offices and its U.S. wafer fabrication facilities are located in Newport Beach, CA. Jazz Semiconductor also has engineering, manufacturing, and sales support in Shanghai, China. For more information, please visit www.jazzsemi.com

Jazz Company Contact
Melinda Jarrell
949/435-8181
melinda.jarrell@jazzsemi.com

Jazz Media Contact
Lauri Julian
949/715-3049
lauri.julian@jazzsemi.com