Acquicor Technology has agreed to acquire Jazz Semiconductor, via a $260 million reverse merger.

See the full announcement on Acquicor’s home page (you’ll have to scroll down).

Acquicor, as you’ll recall is the blank check acquisition company founded by Apple Computer co-founder Steve Wozniac, along with former Apple executives Gilbert Amelio and Ellen Hancock. We wrote about it here.

Jazz, of Newport Beach, is a wafer foundry that was a joint venture formed in 2002 between the Carlyle Group and Conexant Systems. Jazz had been planning a $105 million IPO. Acquicor is based in Irvine, CA.