Jazz Semiconductor Signs Long Term Supply and Technology Agreement with Skyworks; Agreement Strengthens Jazz and Skyworks' Foundry Relationship.

Business Editors/High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Oct. 6, 2003

Jazz Semiconductor, the leading, high-performance radio frequency (RF) and mixed-signal specialty foundry, and Skyworks Solutions, Inc. (Nasdaq:SWKS), the industry's leading wireless semiconductor company focused on RF and complete cellular system solutions for mobile communications applications, today announced the signing of a four-year wafer supply and technology development agreement, expanding the companies' foundry relationship.

Under the terms of the agreement, both companies will collaborate on silicon germanium (SiGe) and BiCMOS technology developments that will enable next-generation Skyworks product offerings. In addition, Jazz will manufacture silicon wafers for Skyworks' wireless products that include mixed-signal, RF, and next generation DCR designs under very competitive pricing and capacity guarantees. Skyworks' collaboration with Jazz gives the company access to Jazz's premium, high-end RF and mixed-signal technologies in addition to digital and analog complementary metal oxide semiconductor (CMOS) and bipolar complementary metal oxide semiconductor (BiCMOS) processes.

"Skyworks is a key market leader in the wireless cellular market and we're very pleased to enter into this long-term commitment," said Shu Li, president and CEO of Jazz Semiconductor. "It is our goal to enable our customers with the most integrated specialty technologies while providing reliable delivery, quality, and services."

"Jazz has proven itself in the wireless industry as a trusted and reliable supplier offering premium technology processes," said Kevin Barber, Skyworks' senior vice president of operations. "This agreement strengthens our supply chain through long-term pricing and capacity guarantees, positioning Skyworks for expansion into new markets and higher incremental revenue growth. We look forward to continue working with Jazz as we develop our leading-edge wireless semiconductor products."

About Skyworks

Skyworks Solutions, Inc. is the industry's leading wireless semiconductor company focused on RF and complete cellular system solutions for mobile communications applications. The company is focused on providing front-end modules, RF subsystems and cellular systems to handset, WLAN and infrastructure customers.

Skyworks is headquartered in Woburn, Mass., with executive offices in Irvine, Calif. The company has design, engineering, manufacturing, marketing, sales and service facilities throughout North America, Europe, Japan and Asia Pacific. For more information please visit www.skyworksinc.com.

About Jazz Semiconductor

Jazz Semiconductor is an independent semiconductor wafer foundry that specializes in mixed-signal and radio frequency (RF) technologies for use in wireless communications, optical networking, power management and other ultra-high performance applications. The company, based in Newport Beach, California, was founded in March of 2002 as a privately held company with the Carlyle Group as the majority shareholder. Jazz expands on the offerings of a traditional pure play foundry by focusing on mixed signal and RF technology processes, design platforms, and experienced engineering support. To learn more, visit www.jazzsemi.com.

Safe Harbor Statement

This news release includes "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include information relating to future results of Skyworks (including certain projections and business trends). Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "believes," "plans," "may," "will," "continue," similar expressions, and variations or negatives of these words. All such statements are subject to certain risks and uncertainties that could cause actual results to differ materially and adversely from those projected, and may affect our future operating results, financial position and cash flows.

These risks and uncertainties include, but are not limited to: global economic and market conditions, such as the cyclical nature of the semiconductor industry and the markets addressed by the company's and its customers' products; demand for and market acceptance of new and existing products; the ability to develop, manufacture and market innovative products in a rapidly changing technological environment; the ability to compete with products and prices in an intensely competitive industry; product obsolescence; losses or curtailments of purchases from key customers or the timing of customer inventory adjustments; the timing of new product introductions; the availability and extent of utilization of raw materials, critical manufacturing equipment and manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; fluctuations in manufacturing yields; the ability to continue to grow and maintain an intellectual property portfolio and obtain needed licenses from third parties; the ability to attract and retain qualified personnel; labor relations of the company, its customers and suppliers; economic, social and political conditions in the countries in which Skyworks, its customers or its suppliers operate, including security risks, possible disruptions in transportation networks and fluctuations in foreign currency exchange rates; and the uncertainties of litigation, as well as other risks and uncertainties, including but not limited to those detailed from time to time in the company's Securities and Exchange Commission filings.

These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

Note to editors: Skyworks and Skyworks Solutions are trademarks or registered trademarks of Skyworks Solutions, Inc. or its subsidiaries in the U.S. and in other countries. All other brands and names listed are trademarks of their respective companies.