TowerJazz was always keen to find acquisitions to increase capacity through well-run factories with specialised technologies, he said.

TowerJazz was always keen to find acquisitions to increase capacity through well-run factories with specialized technologies, he said.

But "if we find acquisitions that make sense we certainly are going to take a look at them," he added.

He's also optimistic that it will open the doors for big companies outside the tech industry to find acquisitions they might not have known existed.

The issue is finding acquisitions which make sense in terms of what we want to do.