Jazz Semiconductor Inc., a California-based company in which Greensboro, NC-based RFMD® holds a major stake, announced that it has filed a registration statement with the Securities and Exchange Commission for the proposed initial public offering (IPO) of its common stock.

The underwriters of the offering will be Cowen & Co. and Needham & Co. LLC, acting as joint book-running managers, and Wachovia Securities, acting as co-manager. The offering will be made only by means of a prospectus. When available, copies of the preliminary prospectus relating to this offering may be obtained from Cowen & Co., Prospectus Department, 1221 Avenue of the Americas, New York, NY 10020, from Needham & Co. LLC, 445 Park Avenue, New York, NY 10022, or from Wachovia Securities, 375 Park Ave, New York, NY 10152.