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News Highlight

TowerJazz Announces Completion and Kick-off of its Joint Venture with Panasonic Corporation

Joint venture to include three semiconductor factories in Japan, manufacturing Panasonic and additional products. It will enable greater than $900 million revenue annual run rate commencing Q2 2014, and Japanese operations consolidation which will reduce approximately $130 million of present annualized fixed cost.

Bloomberg interview with CEO Russell Ellwanger about the joint venture.

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