FORMER QUALCOMM EXECUTIVE NAMED TO JAZZ SEMICONDUCTOR BOARD OF DIRECTORS

Donald E. Schrock Joins Leading Independent Semiconductor Foundry Team

NEWPORT BEACH, Calif., Oct. 29, 2003 -- Jazz Semiconductor has announced technology industry veteran Donald E. Schrock as the newest member of its board of directors. Jazz Semiconductor is an independent semiconductor wafer foundry that specializes in mixed-signal and radio frequency (RF) technologies for use in wireless communications, optical networking, power management and other ultra-high performance applications.

Following a successful 35-year career in the semiconductor industry, Schrock recently retired as executive vice president of QUALCOMM and president of QUALCOMM CDMA Technologies (QCT). Schrock directed the development of complete CDMA and other microelectronic solutions for the wireless market. He is credited with numerous technology and alliance partner achievements that helped to define Qualcomm’s CDMA technology leadership, setting the stage for next-generation wireless innovation.

"Jazz has an excellent understanding of wireless technologies, products and applications, as well as the underlying infrastructure that enables these solutions. As the company continues to increase its presence in the global wireless market, I’m looking forward to being part of the advisory team that will support its corporate commitment as a leading source of technology and business innovations that will drive the industry," said Schrock.

"It’s an honor for us to name Don to the board of directors. His visionary outlook and reputation as one of the wireless industry’s true champions supports our growth objectives in the wireless arena," said Shu Li, president and chief executive officer of Jazz Semiconductor.


About Jazz Semiconductor Jazz Semiconductor is an independent semiconductor wafer foundry that specializes in mixed-signal and radio frequency (RF) technologies for use in wireless communications, optical networking, power management and other ultra-high performance applications. The company, based in Newport Beach, California, was founded in March of 2002 as a privately held company with the Carlyle Group as the majority shareholder. Jazz expands on the offerings of a traditional pure play foundry by focusing on mixed signal and RF technology processes, design platforms, and experienced engineering support. To learn more, visit www.jazzsemi.com.



Jazz Contact
Jeff McHenry
Executive Director, Marketing.
(949) 435-8245
jeff.mchenry@jazzsemi.com

Jazz Media Contact
Kerry Fedro
(949) 453-8080
kerry@lages.com