Through TowerJazz’s seven manufacturing facilities, the company offers customers global capacity assurance. TowerJazz operates two fabs in Israel, two in the US, and through TPSCo, has access to three additional facilities in Japan.
One advantage of being a global company is TowerJazz’s ability to not only benchmark between its seven fabs, but to take advantage of the enhanced skill set within its work force to share the best qualities and capabilities from each group across the entire organization. In this way, TowerJazz is continuously improving its operational performance, manufacturing quality, and corporate cost structure. These activities allow TowerJazz to better serve its customers and achieve improved financial corporate performance.
TowerJazz Panasonic Semiconductor Co. Ltd. (TPSCo) was established in 2014. The company is 51% owned by Tower Semiconductor, Ltd. (NASDAQ: TSEM, TASE: TSEM) and 49% owned by Panasonic Corporation (NASDAQ ADS: PCRFY, TYO: 6752). TPSCo’s fabs in Hokuriku, Japan have been manufacturing large scale integrated circuits (ICs) for over 30 years and more than 500 million ICs for automotive products (Grade 0, 1 & 2) have been produced.