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JAZZ SEMICONDUCTOR APPOINTS INDUSTRY VETERAN CHUCK FOX AS VICE
PRESIDENT OF SALES AND MARKETING
Seasoned Semiconductor Executive Brings Over 25 Years Experience
to Drive Sales, Marketing and Customer Support
NEWPORT BEACH, Calif., August 20, 2007 - Jazz Semiconductor,
the leader in analog-intensive mixed-signal (AIMS) foundry solutions
and wholly owned subsidiary of Jazz Technologies, Inc. (AMEX: JAZ),
announced the appointment of Chuck Fox as its vice president of
sales and marketing. In this role, he is responsible for managing
the company's sales force, marketing, account management, and customer
solutions. Fox, a seasoned semiconductor executive, joins Jazz with
over 25 years of sales and marketing experience. His diverse background
includes senior executive positions with industry leaders Intel
and Xilinx coupled with extensive fabless startup experience in
the wireless, networking and multimedia markets with DSP, FPGA,
ASIC and High Speed Analog Mixed-Signal technologies.
According to Gil Amelio, chairman and chief executive officer,
"As Jazz enters the next phase of its growth, it is clear that
we will need to rely on our marketing and sales team to play a growing
role in both business development and customer interface on a global
basis. The appointment of Chuck Fox, who brings such deep expertise
in these areas, along with other organizational changes we are making,
aids in the development and execution of our strategic business
initiatives and facilitates our mission to be the recognized foundry
leader in analog-intensive mixed-signal technology."
Fox began his career with Intel where his experience includes ten
years in marketing leadership positions. He also spent nine years
with Xilinx, where he served as both vice
president of worldwide marketing and as division general manager.
Fox joined Xilinx in its pre-IPO stage and was instrumental in growing
the organization from a small private company into an industry leader
in the multi-billion dollar FPGA market. After leaving Xilinx, he
led a variety of semiconductor start-up companies, most recently
serving as president and CEO of KeyEye Communications. Fox received
both his MBA and BSEE degrees from the University of Wisconsin.
"I am excited to undertake this endeavor at Jazz," said
Fox. "We believe the analog IC market will continue to grow
faster than the overall IC market. Jazz is a recognized leader with
its AIMS CMOS foundry solutions and is well-positioned for growth.
I look forward to leading new initiatives to speed our customers'
time to revenue and extend our technology leadership."
About Jazz Semiconductor
Jazz Semiconductor®, a wholly owned subsidiary of Jazz Technologies™,
Inc. (AMEX: JAZ), is the leading independent wafer foundry focused
on analog-intensive mixed-signal (AIMS) CMOS process technologies.
The company's broad product portfolio includes RFCMOS and specialty
CMOS technologies, such as SiGe, BiCMOS, and High Voltage CMOS.
These 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
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including the statements relating to growth in the analog IC market
and the development and execution of our strategic business initiatives.
Forward-looking statements are typically identified by words or
phrases such as "trend," "potential," "opportunity,"
"pipeline," "believe," "expect," "anticipate,"
"intention," "estimate," "position,"
"assume," "outlook," "continue," "remain,"
"maintain," "create" "sustain," "seek,"
"achieve," and similar expressions, or future or conditional
verbs such as "will," "would," "should,"
"could," "may" and similar expressions. Forward-looking
statements are based largely on expectations and projections about
future events and future trends and are subject to numerous assumptions,
risks and uncertainties, which change over time. Actual results
and consequences, including any expected benefits, could differ
materially from those anticipated in forward-looking statements
and you should not place any undue reliance on such forward looking
statements. Factors that could cause actual performance to differ
from these forward-looking statements include the risks and uncertainties
disclosed in Jazz Technologies' filings with the SEC. Jazz Technologies'
filings with the SEC are accessible on the SEC's website at http://www.sec.gov.
Forward-looking statements speak only as of the date they are made.
Jazz Technologies assumes no obligation to update forward-looking
statements.
Jazz Company Contact
Melinda Jarrell
949/435-8181
melinda.jarrell@jazzsemi.com
Jazz Media Contact
Lauri Julian
949/715-3049
lauri.julian@jazzsemi.com
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