Coherent Awards Tower Semiconductor as an Outstanding Innovation and Technology Supplier for Silicon Photonics based Products
18 Março 2024 - 6:00AM
Tower’s silicon photonics technology
to be deployed by Coherent across multiple data rates for
high-speed optical transceivers
PITTSBURGH, PA, and MIGDAL HAEMEK,
Israel, March 18, 2024 – Coherent
Corp. (NYSE: COHR), a global leader in materials,
networking, and lasers, and Tower Semiconductor
(NASDAQ/TASE: TSEM), the leading foundry of high-value analog
semiconductor solutions,
today announced that Coherent has recognized Tower
Semiconductor as an Outstanding Innovation and Technology
Supplier for its silicon photonics
based optical transceiver products. This prestigious
award recognizes Tower’s unwavering long-term commitment to
providing the most advanced technology solutions, enabling the
development of Coherent’s market-leading multiple data
rate nodes for high-speed optical transceivers based on
Tower’s PH18 silicon photonics process technology. According to the
Yole Group, the silicon photonics market is expected to grow
at 44% CAGR from 2022 to 2028, supporting growth of AI, Data
Center, and Network infrastructure.
“We are pleased to work with Tower to integrate
silicon photonics into our optical transceivers for AI, datacom,
and telecom markets,” said Dr. Yajun Wang, senior vice president of
Networking Technology at Coherent. “Over the years, Tower has
demonstrated an innovative, customer-centric approach, which
prompted us to select them for our ‘Outstanding Innovation and
Technology Supplier’ Award. Combined with our world-class vertical
cavity surface emitting laser (VCSEL) and InP-based lasers such as
EMLs, silicon photonics-based components will enable us to provide
a full range of communications solutions to our customers.”
Tower's high-volume silicon photonics technology
offers area-optimized solutions with integrated optical detectors,
waveguides, and modulators on a single die, enabling a wide range
of applications replacing the assembly of discrete components in
optical modules.“We are greatly honored to receive this recognition
from Coherent, an industry leader and strong partner,” said Dr.
Marco Racanelli, Tower Semiconductor president. “Together, we look
forward to enabling best-in-class optical transceiver products
today and for several generations to come.”
For additional information about Tower
Semiconductor’s silicon photonics technology offerings, please
visit here.
For more information about Coherent’s optical
transceivers and other products, please visit here.
About Coherent
Coherent empowers market innovators to define
the future through breakthrough technologies, from materials to
systems. We deliver innovations that resonate with our customers in
diversified applications for the industrial, communications,
electronics, and instrumentation markets. Headquartered in
Saxonburg, Pennsylvania, Coherent has research and development,
manufacturing, sales, service, and distribution facilities
worldwide. For more information, please visit us
at coherent.com.
About Tower Semiconductor Tower
Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of
high-value analog semiconductor solutions, provides technology,
development, and process platforms for integrated circuits (ICs) in
growing markets such as consumer, industrial, automotive, mobile,
infrastructure, medical and aerospace and defense. Tower
Semiconductor focuses on creating a positive and sustainable impact
on the world through long-term partnerships and its advanced and
innovative analog technology offering, comprised of a broad range
of customizable process platforms such as SiGe, BiCMOS,
mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors,
displays, integrated power management (BCD and 700V), photonics,
and MEMS. Tower Semiconductor also provides world-class design
enablement for a quick and accurate design cycle as well as process
transfer services including development, transfer, and
optimization, to IDMs and fabless companies. To provide multi-fab
sourcing and extended capacity for its customers, Tower
Semiconductor owns two facilities in Israel (150mm and 200mm), two
in the U.S. (200mm), two in Japan (200mm and 300mm) which it owns
through its 51% holdings in TPSCo, a 300mm facility in Agrate,
Italy, shared with ST as well as a 300mm capacity corridor in
Intel’s New Mexico factory. For more information, please
visit: www.towersemi.com.
Safe Harbor Regarding Forward-Looking
StatementsThis press release includes forward-looking
statements, which are subject to risks and uncertainties. Actual
results may vary from those projected or implied by such
forward-looking statements. A complete discussion of risks and
uncertainties that may affect the accuracy of forward-looking
statements included in this press release or which may otherwise
affect Tower’s business is included under the heading “Risk
Factors” in Tower’s most recent filings on Forms 20-F, F-3, F-4 and
6-K, as were filed with the Securities and Exchange Commission (the
“SEC”) and the Israel Securities Authority. Tower does not intend
to update, and expressly disclaim any obligation to update, the
information contained in this release. ###
Coherent
Contact:
Paul Silverstein | Vice President,
Investor Relations & Corporate Communications
| investor.relations@coherent.com
Coherent Media Contact:
Blair Hennessy | H/Advisors
Abernathy | blair.hennessy@h-advisors.global
Tower Semiconductor Investor Relations
Contact:
Noit Levy | +972-4-604-7066 |
noitle@towersemi.com
Tower Semiconductor Company
Contact:
Orit Shahar | +972-74-7377440 |
oritsha@towersemi.com
- Tower_Coherent_SiPho_PR_FINAL
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