Tower Semiconductor Ltd (Tower) is an independent specialty foundry dedicated to the manufacture of semiconductors. Tower manufactures semiconductor using production processes for its customers based on third party designs and its own designs. It offers the manufacture of integrated circuits (ICs) with geometries ranging from 1.0 to 0.13-micron. Tower also provides design services and complementary technical services. ICs manufactured by the Company are incorporated into a range of products in diverse markets, including consumer electronics, personal computers, communications, automotive, industrial and medical device products. The Company manufactures ICs on silicon wafers using the customer's circuit designs. On July 7, 2011, the Company announced the divestiture of its holdings in Hua Hong Semiconductor Ltd.