IR and TowerJazz extend relationship
Specialty foundry TowerJaz has extended its business relationship with International Rectifier (IR) which specialises in power management technology.
The firms have entered into a seven-year agreement where TowerJazz will manufacture multiple product families for IR.
IR chose to extend its relationship with TowerJazz due to a history of success in working with TowerJazz's TOPS (Transfer Optimisation and Process Services) business unit. This is a group with engineering proficiency and models that enable Integrated Device Manufacturers (IDMs) the shortest qualification time and fastest time-to-market for moving their manufacturing into high volume foundries.
As part of this latest collaboration, IR will use multiple fabs from TowerJazz.
"IR has enjoyed a strong relationship with TowerJazz, recognising the company as an International Rectifier Supplier of the Year 2012 based upon criteria including alignment of business goals, manufacturing flexibility and responsiveness. With its goal to be the specialty foundry leader, TowerJazz continues to meet our business needs and we are pleased to enter into this agreement," says Oleg Khaykin, President and Chief Executive Officer, International Rectifier.
"There is no greater affirmation a company can receive than a valued lead customer extending an existing agreement. International Rectifier, from its inception, has an undeniable brand as a power management leader. We look forward to many more years of partnership as we protect IR's intellectual property as well as that of all our other customers," finishes Russell Ellwanger, Chief Executive Officer, TowerJazz.
