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Exhibit 10.17    
    

 
 

FIRST AMENDMENT TO LEASE    

        THIS
FIRST AMENDMENT TO LEASE (the "Amendment") is made of the 1st day of October, 2004 (the "Effective Date of this Amendment"), by and between CONEXANT SYSTEMS, INC., a Delaware
corporation ("Landlord"), and Newport Fab, LLC, a Delaware limited liability company, doing business as JAZZ SEMICONDUCTOR, LLC ("Tenant"), with respect to the following: 

 
 

RECITALS    
    

        A.    Landlord
is the landlord and Tenant is the tenant pursuant to that certain written Lease dated March 12, 2002, by and between Landlord, as landlord, and
SpecialtySemi Inc. ("Original Tenant"), as tenant (the "Lease"). The Lease covers certain premises (the "Leased Premises") known as Buildings 503 and 505 and as El
Capitan located at 4321 Jamboree Road, Newport Beach, California (collectively, the "Building"). Tenant has succeeded to the interests of Original Tenant under the Lease. 

        B.    Tenant
desires to lease from Landlord certain additional space in the Building as more particularly depicted on Attachment
A hereto (the "Additional Space"), and Landlord is willing to consent thereto, but only on the terms and conditions set forth in this Amendment. 

 
 

AGREEMENT    
    

        NOW, THEREFORE, IN CONSIDERATION OF the foregoing Recitals and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, Landlord and Tenant hereby agree as follows: 

        1.    Capitalized Terms.    Capitalized terms used herein and not otherwise defined shall have the meanings given to
such terms in the Lease. 

        2.    Leasing of Additional Space.    

        a.     From
and after the Effective Date of this Amendment, Landlord hereby leases to Tenant and Tenant hereby hires from Landlord the Additional Space for the term, at the
rental and upon all of the conditions and agreements described herein. 

        b.     Unless
otherwise provided in this Amendment or required by the context of the Lease as amended hereby, from and after the Effective Date of this Amendment through the
Lease Expiration Date, Section 1.1(v) of the Lease is hereby amended to read in its entirety as follows: 

The
term "Leased Premises" shall mean certain interior space in the building outlined on Exhibit "B" hereto consisting of approximately
(i) 296,032 rentable square feet as of the Effective Date, (ii) 311,207 rentable square feet as of April 2, 2005 and (iii) 311,687 rentable square feet as of May 1,
2005. The parties acknowledge and agree that the total building square footage is 330,430. 

        c.     Exhibit B
to the Lease is amended by including therein the depiction of the Additional Space attached to this Amendment as Attachment
A. 

        3.    Commencement Date.    The commencement date of the Lease with respect to the Additional Space is the Effective
Date, from and after which Tenant shall observe or perform, with respect to the Additional Space, all obligations of Tenant with respect to the Leased Premises pursuant to the Lease as amended hereby. 

        4.    Tenant's Pro Rata Share.    Section 1.1(bb) of the Lease is here replaced in its entirety with the
following: "The term "Tenant's Pro Rata Share' shall mean the percentage obtained by dividing the 

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number
of rentable square feet in the Leased Premises by the number of rentable square feet in the Building, at the time of calculation. As of the Effective Date of this Amendment, such percentage is
90% and as of May 1, 2005, it is 94%. In the event that any portion of the Property is sold by Landlord, or the rentable square footage of the Leased premises or the Building is otherwise
changed, tenant's pro Rata Share shall be recalculated to equal the percentage described in the first sentence of this paragraph, so that the aggregate Tenant's Pro Rata Share of all tenants,
occupants, and/or licensees of the Building shall equal 100%. Notwithstanding the foregoing, (1) 'Tenant's Pro Rata Share' of property taxes as described in
paragraph (1)(n)(i) above shall mean 100%, (2) 'Tenant's Pro Rata Share' of any Common Area maintenance costs shall mean 84% as of May 1, 2005 and (3) 'Tenant's Pro
Rata Share' of electricity shall mean 87% as of November 1, 2002 and 88.4% as of November 15, 2004 and gas shall mean 89% as of August 1, 2003 and 99% as of November 15,
2004." 

        5.    Water.    The first sentence of Section 3.2 of the Lease is hereby amended by replacing the number "17%"
with "13%" as of August 1, 2003 and with "1%" as of November 15, 2004. 

        6.    Insurance.    Section 9.1(a)(ii) of the Lease is hereby amended by replacing the phrase "for the
full actual replacement cost thereof" with the phrase "in an amount equal to at least Two Hundred Fifty Million Dollars ($250,000,000) on a replacement cost basis." Tenant agrees that in consideration
of this change, if Tenant incurs damages in excess of this amount, Tenant will indemnify, defend and hold harmless Landlord and the Landlord Parties from such damages. 

        7.    Brokers.    Tenant represents that no broker, agent or finder has any claim under, by or through Tenant for a
commission or fee in connection with the Additional Space. 

        8.    Lease in Effect.    Landlord and Tenant acknowledge and agree that the Lease, except as amended by this
Amendment, remains unmodified and in full force and effect in accordance with its terms. 

        9.    Entire Agreement.    This Amendment embodies the entire understanding between Landlord and Tenant with respect
to the subject matter hereof and can be changed only by an instrument in writing executed by both Landlord and Tenant. 

        10.    Conflict of Terms.    In the event that there is any conflict or inconsistency between the terms and conditions
of the Lease and those of this Amendment, the terms and conditions of this Amendment shall control and govern the rights and obligations of the parties. 

        IN
WITNESS WHEREOF, the undersigned have entered into this Amendment to be effective as of the date first above written. 

	LANDLORD:	 	TENANT:
	

CONEXANT SYSTEMS, INC., a Delaware corporation	
 	

Newport Fab, LLC, a Delaware limited liability company, dba Jazz Semiconductor, LLC
	

By:	

/s/  K. K. PETRY      
	
 	

By:	

/s/  CHANG-OU LEE      

	

Name:	

Kerry K. Petry
	
 	

Name:	

Dr. Chang-Ou Lee

	

Title:	

VP & Treasurer
	
 	

Title:	

Vice President & C.O.O.

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Attachment A  

Floor Plan of Additional Space 

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Exhibit 10.17

FIRST AMENDMENT TO LEASE

RECITALS

AGREEMENTQuickLinks
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Exhibit 10.18    
    

 
 

SECOND AMENDMENT TO LEASE    

        THIS
SECOND AMENDMENT TO LEASE (the "Amendment") is made as of the 31st day of November, 2005 (the "Effective Date of this Amendment"), by and between CONEXANT
SYSTEMS, INC., a Delaware corporation ("Landlord"), and Newport Fab, LLC, a Delaware limited liability company, doing business as JAZZ SEMICONDUCTOR, LLC ("Tenant"), with respect to the
following: 

 
 

RECITALS    
    

        A.    Landlord
is the landlord and Tenant is the tenant pursuant to that certain written lease dated March 12, 2002, by and between Landlord, as landlord, and
SpecialtySemi Inc. ("Original Tenant"), as tenant and amended as of October 1, 2004 (the "Lease"). The Lease covers certain premises (the "Leased Premises") known as Buildings 503 and
505 and as El Capitan located at 4321 Jamboree Road, Newport Beach, California (collectively, the "Building"). Tenant has succeeded to the interests of
Original Tenant under the Lease. 

        B.    Whereas
Landlord, and Tenant are also parties to the NEWPORT FAB, LLC CONTRIBUTION AGREEMENT dated as of
February 23, 2002, ("Contribution") and the desire to provided full force and effect to the Contribution. 

        C.    The
parties desire to clarify Landlord's personal property located in the Leased Premises. 

 
 

AGREEMENT    
    

        NOW, THEREFORE, IN CONSIDERATION OF the foregoing Recitals and for other good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged, Landlord and Tenant hereby agree as follows: 

        1.    Capitalized Terms.    Capitalized terms used herein and not otherwise defined shall have the meanings given to
such terms in the Lease. 

        2.    Personal Property.    The parties agree to add the following to the Lease: 

"6.5 Landlord's Property. To the extent not contrary to the Contribution, the parties hereby agree and acknowledge that in addition to the identified
Real Property Improvements herein, Landlord has certain identified property located in the Leased Premises and Landlord may, from time to time, in the future add to or replace such property. The
parties agree that such property including, but not limited to, the property listed on Attachment A to this Amendment is Landlord's property. Tenant shall have no rights to and will not cause a lien
or grant a security interest in Landlord's property." 

        3.    Lease in Effect.    Landlord and Tenant acknowledge and agree that the Lease, except as amended by this
Amendment, remains unmodified and in full force and effect in accordance with its terms. 

        4.    Entire Agreement.    This Amendment embodies the entire understanding between Landlord and Tenant with respect
to the subject matter hereof and can be changed only by an instrument in writing executed by both Landlord and Tenant. 

        5.    Conflict of Terms.    In the event that there is any conflict or inconsistency between the terms and conditions
of the Lease and those of this Amendment, the terms and conditions of this Amendment shall control and govern the rights and obligations of the parties. 

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        IN
WITNESS WHEREOF, the undersigned have entered into this Amendment as of the Effective Date of this Amendment. 

	LANDLORD:	 	TENANT:
	

CONEXANT SYSTEMS, INC., a Delaware corporation	
 	

Newport Fab, LLC, a Delaware limited liability company, dba Jazz Semiconductor, LLC
	

By:	

/s/  J. L. CISNEROS      
	
 	

By:	

/s/  BRENT D. JENSEN      

	

Name:	

Jacob L. Cisneros
	
 	

Name:	

Brent D. Jensen

	

Title:	

Manager, Facilities & Corp. Real Estate
	
 	

Title:	

CFO

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Attachment A  

Landlord's Property  

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Exhibit 10.18

SECOND AMENDMENT TO LEASE

RECITALS

AGREEMENT

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