Applied Materials

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SANTA CLARA, Calif., April 5, 2011 - Applied Materials, Inc. announced today
that it signed a multi-year service contract with TowerJazz, a global specialty
foundry leader, to support Applied Materials equipment at its semiconductor
manufacturing facility in Newport Beach, California. This is the second service
contract TowerJazz has awarded Applied; the first contract covers all Applied
Materials systems at TowerJazz's Fab 2 in Migdal Haemek, Israel. Both service
contracts are performance-based and deliver committed system uptime at a low,
predictable cost that varies with factory loading - a key benefit that allows
customers to control costs as demand fluctuates.

"Applied has proven that it can deliver significant cost savings and increased
operating efficiencies as we have ramped production over the last several
quarters," said Ephie Koltin, senior vice president of worldwide operations at
TowerJazz. "Outsourcing equipment maintenance makes sound economic sense for us
and allows us to concentrate on our core mission - fabricating our customers'
complex CMOS, advanced analog, power management, image sensor, mixed-signal and
MEMS devices with the reliability and quality required for today's mobile
consumer electronics."

"Our adaptive support solutions save our customers money by enabling them to
convert fixed costs to variable expenses that align with their revenue. This is
the second agreement of this kind with TowerJazz which demonstrates our value
proposition and reflects the growing momentum of our service business at
customers worldwide," said Charlie Pappis, group vice president and general
manager of Applied Global Services. "Our technical strength has allowed us to
help TowerJazz maintain its world-class operational performance in the cyclic
environment of the semiconductor business."

Under the agreement, Applied will service etch, metrology and inspection tools -
among the most technically challenging steps of the manufacturing process. A
team of local and internationally located Applied certified engineers will
provide around the clock support using an unmatched range of engineering and
logistics technologies, including Applied's ExpertConnect(TM) remote diagnostic
capability.

For more information on Applied's support solutions for semiconductor
manufacturing, visit http://www.appliedmaterials.com/service-semi.

About TowerJazz
Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), the global specialty
foundry leader and its fully owned U.S. subsidiary Jazz Semiconductor, operate
collectively under the brand name TowerJazz, manufacturing integrated circuits
with geometries ranging from 1.0 to 0.13-micron. TowerJazz provides industry
leading design enablement tools to allow complex designs to be achieved quickly
and more accurately and offers a broad range of customizable process
technologies including SiGe, BiCMOS, Mixed-Signal and RFCMOS, CMOS Image Sensor,
Power Management (BCD), and Non-Volatile Memory (NVM) as well as MEMS
capabilities. To provide world-class customer service, TowerJazz maintains two
manufacturing facilities in Israel and one in the U.S. with additional capacity
available in China through manufacturing partnerships. For more information,
please visitwww.towerjazz.com.

About Applied Materials
Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in providing
innovative equipment, services and software to enable the manufacture of
advanced semiconductor, flat panel display and solar photovoltaic products. Our
technologies help make innovations like smartphones, flat screen TVs and solar
panels more affordable and accessible to consumers and businesses around the
world. At Applied Materials, we turn today's innovations into the industries of
tomorrow. Learn more atwww.appliedmaterials.com.

# # #

For TowerJazz Contact:
Melinda Jarrell (corporate marketing) 949.435.8181
(melinda.jarrell@towerjazz.com)
Lauri Julian (editorial/media) 949.715.3049 (lauri.julian@towerjazz.com)
Noit Levi (financial community) +972.4.604.7066 (noit.levi@towerjazz.com)

For Applied MaterialsContact:
Betty Newboe (editorial/media) 408.563.0647
Michael Sullivan (financial community) 408.986.7977







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Source: Applied Materials via Thomson Reuters ONE

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