Fujitsu Limited
Fujitsu Microelectronics America, Inc.
Jazz Semiconductor

Jazz and Fujitsu to Collaborate on Providing Complete Solution for 90nm and 65nm RF CMOS Foundry Customers

Expansion of Foundry Business for RFCMOS System-on-Chip Solutions

Tokyo, May 25, 2007; Sunnyvale and Newport Beach, Calif., May 24, 2007 — Fujitsu Limited (Fujitsu), Fujitsu Microelectronics of America, Inc. (FMA), and Jazz Semiconductor (Jazz), a wholly owned subsidiary of Jazz Technologies, Inc. (AMEX: JAZ), announced today that they will work together to manufacture System-on-Chip (SoC) products for RFCMOS devices. Under a Memorandum of Understanding signed by the companies, the collaboration is designed to combine superior RF and mixed signal expertise from Jazz and leading-edge existing 90nm and 65nm manufacturing technology from Fujitsu, enabling both companies to deliver high-performance Customer Owned Tooling (COT) foundry services to SoC customers. The alliance will enable Fujitsu to offer Jazz’s high-precision RF models and design kits using Fujitsu’s 90nm and 65nm low-leakage, leading-edge LSI manufacturing process. The companies will conduct joint marketing and sales activities, and the products will be manufactured at Fujitsu’s 300 mm Mie fab located in Kuwana city, Mie prefecture in Japan.

“We are pleased to announce this agreement with Jazz, and we are confident that we will provide optimal solutions to our mutual customers,” said Shigeru Fujii, corporate senior vice president and group president of Fujitsu's Electronic Devices Business Group. "The wireless SoC market is becoming increasingly important. Through this collaboration, we will support customers as they expand their markets.”

“Jazz has RF modeling capabilities, a specialized design platform in analog and mixed-signal technologies and RF expertise. Coupled with Fujitsu’s 65nm and 90nm process technologies and comprehensive library of digital IPs, our joint efforts with Jazz will provide customers access to state-of-the art and flexible manufacturing technology that will provide first-rate solutions,” said Kazuyuki Kawauchi, president and chief executive officer at Fujitsu Microelectronics America.

“This collaboration demonstrates Jazz and Fujitsu’s commitment to developing solutions to quickly and effectively address our customers’ next-generation technology needs,” said Gil Amelio, chairman and chief executive officer, Jazz Technologies, Inc. “The joint development model is a cost-effective approach to providing innovative manufacturing solutions. The relationship with Fujitsu will aid in the expansion of our technology roadmap by enabling us to offer RFCMOS in Fujitsu’s advanced 90/65nm technology nodes.”

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About Fujitsu Limited

Fujitsu is a leading provider of customer-focused IT and communications solutions for the global marketplace. Pace-setting device technologies, highly reliable computing and communications products, and a worldwide corps of systems and services experts uniquely position Fujitsu to deliver comprehensive solutions that open up infinite possibilities for its customers' success. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 5.1 trillion yen (US$43.2 billion) for the fiscal year ended March 31, 2007. For more information, please see www.fujitsu.com

About Fujitsu Microelectronics America, Inc.

Fujitsu Microelectronics America, Inc. (FMA) leads the industry in innovation. FMA provides high-quality, reliable semiconductor products and services for the networking, communications, automotive, security and other markets throughout North and South America. For product information, visit the company web site at http://us.fujitsu.com/micro/wafer or e-mail inquiry@fma.fujitsu.com

About Jazz Semiconductor

Jazz Semiconductor®, a wholly owned subsidiary of Jazz Technologies™, Inc. (AMEX: JAZ), is an independent wafer foundry primarily focused on specialty CMOS process technologies, including High Voltage CMOS, SiGe BiCMOS and RFCMOS for the manufacture of highly integrated analog and mixed-signal semiconductor devices. The company’s specialty process 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. The company has expanded its wafer capacity in China through manufacturing alliances with Advanced Semiconductor Manufacturing Corporation and Hua Hong NEC Electronics Co., Ltd. For more information, please visit www.jazzsemi.com

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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,” “collaboration,” “pipeline,” “believe,” “expect,” “anticipate,” “intention,” ”undertaking,” “estimate,” “position,” “assume,” “outlook,” “continue,” “to deliver,” “remain,” “maintain,” “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.

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