Jazz Technologies

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Acquicor Technology Inc was a company jointly founded by Gil Amelio, Steve Wozniak and Ellen Hancock, all of whom have worked for Apple Computer. Acquicor was a "blank check" company founded to make acquisitions in the technology sector.

Jazz Technologies is the parent company of its wholly owned subsidiary, Jazz Semiconductor, Inc. Jazz Semiconductor is an independent semiconductor wafer foundry that serves customers targeting wireless, optical networking, power management, storage, aerospace/defense and other high-performance applications.

On March 14 2006, Acquicor raised $150 million ($172.5 with Greenshoe[clarification needed]) in an initial public offering (IPO) on the American Stock Exchange, and traded under the ticker AQR. Amelio was named chairman and CEO of the new company.

On September 26, 2006, it was announced that Acquicor had acquired Jazz Semiconductor Inc. for $260 million,[1] and Acquicor changed its name to Jazz Semiconductor, and its ticker to JAZ on February 21, 2007.

On June 11, 2007, it was announced that Hancock had left, and there were no plans to replace her.[2]

On September 19, 2008, based in Israel, announced the completion of its merger with Jazz Technologies, Inc. As a result of this transaction, Amelio, Jazz’s chairman and chief executive officer, retired as an officer and director effective upon the closing of the merger.[3]


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