Jazz Semiconductor Confirms Extended Lease for Manufacturing Facility in Newport Beach, CA

Jazz Semiconductor, the leader in analog-intensive mixed-signal (AIMS) foundry solutions and wholly owned subsidiary of Jazz Technologies, Inc. (AMEX:JAZ), announced that the term of its lease with Conexant Systems, Inc. on the building that houses Jazz’s semiconductor manufacturing facility in Newport Beach, CA remains in effect through at least March of 2017, and Jazz has the additional right at its sole discretion to further extend that lease for up to ten more years until 2027. Should Conexant implement any plans to develop its land in Newport Beach, as some press reports have suggested, that development is not expected to affect the long-term future of Jazz or its Newport Beach fabrication facility.

“It is important that our stakeholders, customers and employees know that we expect our fab business in Newport Beach will continue, and any plans Conexant has for their land will not impact our manufacturing operations here,” said Gil Amelio, Jazz Chairman and Chief Executive Officer.

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. 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.

Contacts

Jazz Semiconductor, Inc.
Melinda Jarrell, 949-435-8181
melinda.jarrell@jazzsemi.com
or
Lauri Julian (Media), 949-715-3049
lauri.julian@jazzsemi.com

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