JAZZ SEMICONDUCTOR ANNOUNCES ANNUAL TECHNOLOGY CONFERENCE FOCUSED ON AIMS FOUNDRY SOLUTIONS

NEWPORT BEACH, Calif., October 16, 2007 - Jazz Semiconductor®, the leader in Analog-Intensive Mixed-Signal (AIMS) foundry solutions and wholly owned subsidiary of Jazz Technologies™, Inc. (AMEX: JAZ) today announced it will host its second Annual Technology Conference on Friday, November 9, 2007 at the company's Newport beach headquarters. The one-day conference will feature an address from Jazz chairman and CEO, Gil Amelio on the company's AIMS initiative, a keynote on the state of the semiconductor industry by Jim Feldhan, president of Semico Research, and a customer panel to share product development successes using Jazz process technologies.

In addition, the conference will feature a panel of industry executives to discuss AIMS and time-to-market moderated by John Gleenagel, Director of Communications, Semiconductor Industry Association (SIA). Jazz will also offer window fab tours of its 200mm manufacturing facility as well as provide presentations on its modular AIMS technologies and world-class design enablement tools to speed customers' time from design to revenue production.

"I look forward to addressing such an innovative group of industry leaders to share Semico's perspective on the analog and mixed-signal segment of the semiconductor market," said Jim Feldhan, Semico Research. "The Jazz Technology Conference provides an exciting platform for companies to converge and discuss the latest design issues, challenges and technology solutions available today."

Jazz Technology Conference gold sponsors include Cadence and Crowell & Moring. Silver sponsors include Adsantec, Agilent, AWR, Chronicle Technology, FlipChip, Fusion, GDSI, Helic, Kaben Research, KT Micro, Novocell, Pacific MicroCHIP Corp., Quik-Pak, SV Probe and Tahoe RF. For more information or online registration, please visit http://www.jazzsemi.com.

This event follows the 5th International SoC Conference which will be held on November 7-8, 2007 at the Radisson Hotel in Newport Beach. Jazz Semiconductor is a platinum sponsor of the conference and the company's VP of Technology and Engineering, Marco Racanelli will present a keynote speech on November 7. For more information, please visit www.socconference.com.

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 portfolio of modular AIMS technologies includes RFCMOS and specialty CMOS processes, such as Enhanced RFCMOS, BiCMOS, SiGe BiCMOS, Bipolar-CMOS-DMOS, and High Voltage CMOS. These technologies are designed 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 also offers world-class design enablement tools to speed customers' time from design to revenue production. The Company serves customers in 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 the development and execution of our strategic business initiatives, design to revenue production, and the success of our offerings and 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