Tower Semiconductor Overview
Tower Semiconductor is a foundry of high-value analog semiconductor solutions, specializes in manufacturing analog ICs for more than 300 customers worldwide in growing markets such as communication, automotive, medical, industrial, consumer, IoT, aerospace & defense, among others. Tower’s technology offerings include: SiGe, BiCMOS, Power and Mixed-Signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, and MEMS as well as design enablement services for a fast, accurate design cycle. Tower offers process transfer services to IDMs and fabless companies seeking capacity expansion. Tower operates two manufacturing facilities in Israel, one in Italy, two in the U.S. and three in Japan.
Latest News
growth-negative
A Look At The Intrinsic Value Of Tower Semiconductor Ltd. (NASDAQ:TSEM)
The article discusses the valuation of Tower Semiconductor Ltd. using the Discounted Cash Flow (DCF) model. The fair value estimate for the company is US$70.63, while the current share price is US$74.39, suggesting it is trading close to its fair value. Analysts have set a price target of US$69.55, slightly below the fair value estimate. The DCF model used is a two-stage model, accounting for an initial high growth period followed by a steady growth phase. The article provides a detailed breakdown of expected future cash flows and their present value, highlighting the importance of discounting future cash flows to estimate current value.
growth-positive
Tower Semiconductor Announces Third Quarter 2025 Financial Results and Conference Call
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, announced it will release its third-quarter 2025 earnings on November 10, 2025. The company will hold a conference call on the same day to discuss its financial results and provide guidance for the fourth quarter of 2025. Tower Semiconductor is known for its advanced analog technology offerings and long-term partnerships in various markets, including consumer, industrial, automotive, and medical. The company operates multiple facilities across Israel, the U.S., Japan, and Italy, and collaborates with STMicroelectronics and Intel for extended capacity. The announcement is expected to have a positive impact on the companys growth.
growth-positive
Tower Semiconductor (NASDAQ:TSEM) jumps 3.2% this week, though earnings growth is still tracking behind five-year shareholder returns
Tower Semiconductor Ltd. has seen a significant increase in its stock price, rising 263% over the past five years and 63% in the last quarter. The companys compound earnings per share (EPS) growth of 19% per year is slower than the share price growth of 29% per year, indicating a positive market sentiment. The company has rewarded shareholders with a total return of 64% in the last twelve months, outperforming its five-year annualized return of 29%. This suggests that Tower Semiconductor is performing well recently, making it an attractive investment opportunity. The article highlights the importance of considering market conditions and risks when evaluating stock performance.
growth-positive
Tower Semiconductor (TSEM) Draws Attention for High-Growth Tech Exposure
Tower Semiconductor Ltd., an independent semiconductor foundry based in Israel, has been highlighted by Barclays with a price target of $74 and an Equalweight rating. The company is noted for its exposure to high-growth Silicon Photonics and Silicon Germanium technologies and its successful collaborations with companies like Intel. Towers diverse end markets span Israel, Japan, the US, and Italy. With a robust balance sheet and $1 billion in net cash, Tower aims for a $2.7 billion revenue run-rate and a 21% operating margin post its $1.2 billion capital expenditure program. While Tower shows potential, some believe AI stocks may offer greater upside.
Product StagePartners
growth-positive
Why Tower Semiconductor Ltd. (NASDAQ:TSEM) Could Be Worth Watching
Tower Semiconductor Ltd. has experienced a significant increase in its share price on the NASDAQGS, bringing it closer to its yearly peak. Despite this, the company is still considered undervalued, with its intrinsic value estimated at $111.06 compared to its current trading price of $67.02. The company is expected to see an 86% profit growth over the next few years, suggesting a positive future outlook. This presents a potential buying opportunity for investors, as the growth prospects have not been fully reflected in the share price. However, investors should also consider the companys financial health before making investment decisions.
| Sector | Industrial Technologies |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Public |
| Rounds | 2 |
| Investors | 0 |
Team Members
6
Employees: 500+
Web & Social Links
| Website | towersemi.com/ |
Locations
Sha'ul Amor Avenue 20, Migdal HaEmek, Israel
HaMahshev Street 1, Netanya, Israel
4321 Jamboree Road Newport Beach, California 92660
Taipei, Taiwan
San Antonio, TX, USA
Seongnam-si, Gyeonggi-do, South Korea
Pudong, Shanghai, China
Kyoto, Japan
San Jose, CA, USA
Photos & Videos
3 item(s)
Tower Semiconductor Business
Business models
B2G, B2B
Product stage
Released
Employees
500+
Sector
Industrial TechnologiesMicroelectronics & Photonics SolutionsTarget Customer
Industrial ManufacturingDiscrete IndustriesAutomotiveAerospaceSemiconductors & ElectronicsDefenseCommunication ServicesWireless & MobileMobile DevicesHealthcare & Life SciencesMedical Devices IndustryDefense, Safety & SecurityNational SecurityCore Technology
Semiconductors & ElectronicsTags (21)
electronic-manufacturingsemiconductorswafersspace-techdefenseautomotiveelectro-opticsconsumersinfrastructurerf-technologylidarsensorsmedical-devicesadasnanotechnologyaerospaceoptronics5g-networksmobile-devicesmanufacturingelectronicsSolutions
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{"title":"Semiconductor Manufacturing","description":"Tower Semiconductor's Power Management solutions offer advanced, high-performance analog and mixed-signal process technologies (BCD, SOI, GaN, SiC) for integrated power management ICs and discrete power devices, enabling high efficiency, power density, and reliability across automotive, industrial, consumer, and medical applications.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":3,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Risk Mitigation","value":3,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Talent Development","value":1,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Negligible / Incidental","content":"No discernible or only trivial positive effect; status-quo unchanged."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Semiconductor Manufacturing","description":"Tower Semiconductor offers advanced RF (Radio Frequency) and High Performance Analog (HPA) foundry services, including SiGe BiCMOS, RF CMOS, BCD, and SOI technologies. These platforms enable customers to design and manufacture high-performance, low-power, and highly integrated chips for applications in 5G, Wi-Fi, automotive radar, industrial, and power management.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":3,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Customer Acquisition","value":4,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Risk Mitigation","value":3,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Talent Development","value":1,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Negligible / Incidental","content":"No discernible or only trivial positive effect; status-quo unchanged."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
Use Cases
Automotive Power ManagementRF & High Performance AnalogGeographic Markets
ItalyIndiaIsraelHong KongChinaJapanOceaniaUnited StatesEuropeAsiaTaiwanAmericasSouth KoreaTower Semiconductor Financials
Undisclosed
Total funding
—
Capital raised
Undisclosed
Last funding
Public
Funding stage
2
Total rounds
0
Investors
Public Offering / Exit
POEvent
Feb 2002
Undisclosed
POEvent
Nov 1994
Undisclosed
Tower Semiconductor Lifecycle
All Events
POEvent
Feb 2002
Undisclosed
POEvent
Nov 1994
Undisclosed
Tower Semiconductor News
295 articles
growth-negative
A Look At The Intrinsic Value Of Tower Semiconductor Ltd. (NASDAQ:TSEM)
The article discusses the valuation of Tower Semiconductor Ltd. using the Discounted Cash Flow (DCF) model. The fair value estimate for the company is US$70.63, while the current share price is US$74.39, suggesting it is trading close to its fair value. Analysts have set a price target of US$69.55, slightly below the fair value estimate. The DCF model used is a two-stage model, accounting for an initial high growth period followed by a steady growth phase. The article provides a detailed breakdown of expected future cash flows and their present value, highlighting the importance of discounting future cash flows to estimate current value.
growth-positive
Tower Semiconductor Announces Third Quarter 2025 Financial Results and Conference Call
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, announced it will release its third-quarter 2025 earnings on November 10, 2025. The company will hold a conference call on the same day to discuss its financial results and provide guidance for the fourth quarter of 2025. Tower Semiconductor is known for its advanced analog technology offerings and long-term partnerships in various markets, including consumer, industrial, automotive, and medical. The company operates multiple facilities across Israel, the U.S., Japan, and Italy, and collaborates with STMicroelectronics and Intel for extended capacity. The announcement is expected to have a positive impact on the companys growth.
growth-positive
Tower Semiconductor (NASDAQ:TSEM) jumps 3.2% this week, though earnings growth is still tracking behind five-year shareholder returns
Tower Semiconductor Ltd. has seen a significant increase in its stock price, rising 263% over the past five years and 63% in the last quarter. The companys compound earnings per share (EPS) growth of 19% per year is slower than the share price growth of 29% per year, indicating a positive market sentiment. The company has rewarded shareholders with a total return of 64% in the last twelve months, outperforming its five-year annualized return of 29%. This suggests that Tower Semiconductor is performing well recently, making it an attractive investment opportunity. The article highlights the importance of considering market conditions and risks when evaluating stock performance.
growth-positive
Tower Semiconductor (TSEM) Draws Attention for High-Growth Tech Exposure
Tower Semiconductor Ltd., an independent semiconductor foundry based in Israel, has been highlighted by Barclays with a price target of $74 and an Equalweight rating. The company is noted for its exposure to high-growth Silicon Photonics and Silicon Germanium technologies and its successful collaborations with companies like Intel. Towers diverse end markets span Israel, Japan, the US, and Italy. With a robust balance sheet and $1 billion in net cash, Tower aims for a $2.7 billion revenue run-rate and a 21% operating margin post its $1.2 billion capital expenditure program. While Tower shows potential, some believe AI stocks may offer greater upside.
Product StagePartners
growth-positive
Why Tower Semiconductor Ltd. (NASDAQ:TSEM) Could Be Worth Watching
Tower Semiconductor Ltd. has experienced a significant increase in its share price on the NASDAQGS, bringing it closer to its yearly peak. Despite this, the company is still considered undervalued, with its intrinsic value estimated at $111.06 compared to its current trading price of $67.02. The company is expected to see an 86% profit growth over the next few years, suggesting a positive future outlook. This presents a potential buying opportunity for investors, as the growth prospects have not been fully reflected in the share price. However, investors should also consider the companys financial health before making investment decisions.
growth-positive
Aeva Technologies’ (AEVA) Multibagger Momentum Fueled by LiDAR Innovation in $80 Billion Market
Aeva Technologies Inc. is a leading developer of next-generation 4D-LiDAR sensors, utilizing frequency-modulated continuous wave (FMCW) technology for autonomous driving and industrial applications. The company has invested $500 million in R&D and holds over 245 patents, establishing a strong technology moat. Aevas addressable market spans $80 billion across various sectors, including mobility and defense. The company collaborates with partners like Jabil and Tower Semiconductor to scale its technology. Analysts are optimistic, with a recent price target increase from Canaccord Genuity. Despite its potential, some believe other AI stocks may offer greater upside. Aevas stock has surged 180% this year.
PartnersProduct Stage
growth-positive
BHP Xplor Opens Applications for 2026 Cohort, Offering Equity-Free Funding and Global Support
BHP Group Limited has announced the opening of applications for the 2026 cohort of its BHP Xplor accelerator program, which aims to transform the discovery of critical minerals. The program offers early-stage explorers up to USD $500,000 in equity-free funding, mentorship, and access to BHP’s global network. BHP Xplor has been successful in previous years, fostering partnerships and accelerating exploration projects. The program supports BHPs long-term growth by engaging with diverse exploration projects. Applications are open from September 8 to October 15, 2025.
Partners
growth-positive
Nifty clocks fifth session of gains led by IT on Infosys buyback, US rate cut hopes
Infosys led gains in Indias Nifty 50 index, which closed higher for the fifth consecutive session, driven by a 5% surge in Infosys shares following the announcement of a share buyback plan. The IT sector, which accounted for a significant portion of the days gains, benefited from expectations of a U.S. interest rate cut, which could boost technology spending in the U.S., a key market for Indian IT firms. The broader market also saw gains, with the Nifty 50 and BSE Sensex both rising by 0.39%. The anticipation of a Federal Reserve rate cut was fueled by weaker-than-expected U.S. job data.
growth-positive
Strauss Group (TASE:STRS): Assessing Valuation After Mixed Q2 Earnings and Sales Growth
Strauss Group has released its second quarter and half-year earnings, showing a rise in sales for both periods in 2025. Despite the increase in revenue, net income has decreased, indicating potential cost pressures or margin changes. The companys stock has risen by nearly 64% over the past year, though recent gains have slowed. Strauss Groups price-to-earnings ratio is slightly below the Asian Food industry average, suggesting it is valued in line with sector peers. The companys strong profit growth and above-average profit margin support its current valuation. However, potential risks include slowing net income growth or changes in consumer demand.
growth-positive
Nikkiso Addresses Growing Ammonia-Handling Demand and Launches Next-Generation Pump at Gastech 2025
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) announced the launch of a next-generation submerged ammonia pump at the Gastech Conference. This pump is designed to be the safest and most reliable in the industry, addressing common maintenance issues with its seal-less, maintenance-friendly, copper-free construction. The pump can deliver over 2,500m3 per hour and has a mean time between outages of over 16,000 hours. This launch is part of Nikkiso CE&IGs ongoing innovation in ammonia handling, with the company having decades of experience in this field. The pump is expected to meet growing demand for ammonia in various sectors, including power generation and shipping.
Product Stage
growth-positive
Westin Desaru Coast Resort partners with CAYIN Technology for digital signage
CAYIN Technology has partnered with Westin Desaru Coast Resort in Johor, Malaysia, to enhance guest communication and operational efficiency through the implementation of its CMS-WS server and CAYIN Signage Player. This collaboration involves the use of digital signage to provide real-time updates across 14 Samsung displays in various areas of the resort. The project was executed in partnership with Hola Media, which provided integration services, including installation, design, staff training, and support. The system has improved communication, reduced staff workload, and enhanced the guest experience, preparing the resort for future digital expansion.
Partners
growth-positive
Tower Semiconductor (TSEM) Is Up 7.5% After On-Chip Multi-Wavelength Laser Breakthrough for AI Datacenters
In August 2025, Tower Semiconductor and Xscape Photonics announced the successful prototyping and validation of an on-chip, optically pumped, multi-wavelength laser source, built on Towers PH18 Silicon Photonics platform. This innovation aims to enhance AI datacenter connectivity by embedding multi-color lasers on-chip, simplifying supply chains, and reducing costs. The collaboration with Xscape Photonics positions Tower to capitalize on the growing demand for high bandwidth and scalability in AI clusters. The announcement aligns with Towers Technical Global Symposium, highlighting AI and high-speed connectivity megatrends. Despite the promise, the company faces risks from substantial capacity expansions and market demand uncertainties. Tower projects $2.3 billion in revenue and $467 million in earnings by 2028, requiring significant growth.
Product StagePartners
growth-positive
Discover Tower Semiconductor And 2 Other Stocks Estimated Below Intrinsic Value
Tower Semiconductor Ltd., an independent semiconductor foundry, is identified as an undervalued stock with a market cap of approximately $6.58 billion. The company is trading at $60.71, significantly below its estimated fair value of $101.26, suggesting potential for growth. Tower Semiconductor generates $1.49 billion in revenue primarily from Contract Electronics Manufacturing Services. The companys earnings are forecast to grow 28% annually, surpassing the US markets growth rate of 15.1%. Recent innovations in silicon photonics for AI datacenters could enhance revenue streams, despite a decrease in profit margins from last year. The article suggests a positive outlook for Tower Semiconductor, highlighting its potential for improved financial performance.
growth-negative
Why the US government is taking a stake in Intel
Intel, a leading semiconductor manufacturer, is at the center of the Trump administrations strategy to bolster U.S. dominance in artificial intelligence. The administration has converted a government grant into a 10% equity stake in Intel to encourage domestic semiconductor manufacturing. Intels foundry business, launched in 2021, has faced challenges, including a failed acquisition of Tower Semiconductor and struggles to secure large customers. The company has undergone significant changes, including management shifts and workforce reductions. Despite receiving $7.86 billion in federal grants, Intel is scaling back some projects, reflecting its ongoing challenges in the competitive semiconductor industry.
InvestmentManagement ChangesLayoffsAcquisition
growth-positive
Institutional investors are Tower Semiconductor Ltd.'s (NASDAQ:TSEM) biggest bettors and were rewarded after last week's US$1.1b market cap gain
Tower Semiconductor, a company with significant institutional ownership, has seen a positive impact on its stock price, gaining 19% last week and providing a 40% one-year return to shareholders. Institutions own 63% of the company, indicating strong credibility in the investment community. The largest shareholder is Senvest Management, LLC, with a 7.3% stake. The article highlights the influence of institutional investors on the companys board decisions and the potential for hedge funds to influence management. The companys stock is sensitive to trading actions by these large shareholders.
growth-positive
Xscape Photonics and Tower Semiconductor Unveil the Industry’s First Optically Pumped On-Chip Multi-Wavelength Laser Platform for AI Datacenter Fabrics
Tower Semiconductor, in collaboration with Xscape Photonics, has announced the successful prototyping and validation of an on-chip, optically pumped, multi-wavelength laser source. This innovation, built on Towers PH18 Silicon Photonics platform, is designed for AI datacenter fabrics, enhancing bandwidth density, power efficiency, and scalability. The solution simplifies design and reduces latency, particularly beneficial for GPU-to-GPU and GPU-to-HBM optical links in AI clusters. The collaboration leverages Towers high-volume platform, offering a seamless upgrade path for existing customers and eliminating the need for costly hybrid laser integration.
PartnersProduct Stage
growth-positive
Tower Semiconductor Launches 2025 Technical Global Symposium Series
Tower Semiconductor announced its 2025 Technical Global Symposium (TGS), a series of events showcasing its latest technologies and expertise. The symposiums will take place in Shanghai and Santa Clara, focusing on AI, high-speed connectivity, and other advancing domains. The events will feature keynotes, technical sessions, and networking opportunities with industry leaders. Tower aims to highlight its capabilities in Silicon Photonics, SiGe, RF SOI, power management, and more, emphasizing its role in enabling high-performance connectivity and advanced imaging solutions. The symposiums are designed to foster collaboration and drive semiconductor innovation.
growth-positive
AIStorm & Tower Semiconductor Introduce Cheetah HS, World’s First Up-to-260K FPS AI-in-Imager Chip for Inspection, Robotics & Sports
Tower Semiconductor, in partnership with AIStorm, has announced the release of the Cheetah HS, a high-speed imager with AI capabilities. This innovative product can capture up to 260,000 frames per second, significantly outperforming conventional CMOS sensors. The Cheetah HS is designed to reduce system power requirements and costs, making it suitable for a wide range of applications, including robotics, drones, and security systems. The collaboration leverages Towers charge-domain imaging platform and AIStorms analog AI neurons, resulting in a product that offers low power consumption and high performance. This partnership highlights Tower Semiconductors leadership in charge-domain global-shutter pixels and positions them for growth in the high-speed imaging market.
PartnersProduct Stage
growth-positive
Tower Semiconductor Ltd. Just Recorded A 12% EPS Beat: Here's What Analysts Are Forecasting Next
Tower Semiconductor Ltd. reported its latest quarterly results, leading to a 4.7% increase in share price to US$48.86. The company delivered a statutory profit of US$0.41 per share, exceeding expectations by 12%. Analysts now forecast revenues of US$1.56 billion in 2025, a 4.8% increase from the previous year, with earnings per share expected to rise by 3.0% to US$1.81. Despite the positive earnings report, Tower Semiconductors growth is projected to be slower than the industry average. The price target for the companys shares has been raised by 5.8% to US$63.06.
growth-positive
Tower Semiconductor to Participate in August and September Investor Conferences
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, announced its participation in several upcoming conferences, including the Needham 6th Annual Virtual Semiconductor and SemiCap 1x1 Conference, Jefferies Semiconductor, IT Hardware and Communications Technology Conference, and others. These events will provide opportunities for investors to meet with company representatives. Tower Semiconductor is known for its advanced analog technology offerings and long-term partnerships across various sectors, including consumer, industrial, automotive, and more. The company operates multiple facilities worldwide, ensuring multi-fab sourcing and extended capacity for its customers.
growth-positive
CEO Russell Ellwanger: The momentum we have gained in our RF infrastructure business, driven by data centers and AI expansions, is particularly noteworthy.
Tower Semiconductor reported strong financial results for the second quarter of 2025, with a revenue of $372 million, marking a 6% year-over-year growth. The companys net profit for the quarter was $47 million. Towers strategic initiatives, particularly in RF infrastructure driven by data centers and AI expansions, have contributed to its growth. The company projects further revenue growth in the third quarter of 2025. Towers share price has risen significantly, reflecting investor confidence. The companys market cap stands at $5.7 billion. The article highlights Towers strong market position and its ongoing efforts to increase capacity in its RF infrastructure business.
growth-positive
Tower Semiconductor Ltd (TSEM) Q2 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Tower Semiconductor Ltd reported strong financial results for Q2 2025, with revenues of $372 million and a net profit of $46.6 million. The company is experiencing growth in its RF infrastructure business, particularly in Silicon Photonics and Silicon Germanium technologies. Tower Semiconductor is investing heavily in capacity and R&D to maintain its market share in the optical transceiver market, with plans for further capacity growth in 2026. The company has successfully prototyped a new 300-millimeter Silicon Photonics technology, expected to enter production in Q4 2025. Despite strong growth, the company faces risks related to forward-looking statements and currency fluctuations.
Product StageInvestment
growth-positive
TSEM: RF Infrastructure Continues to Ramp and RF Mobile Revenues Roar Back
Tower (NASDAQ:TSEM) reported continued revenue growth in Q2 2025 and anticipates further acceleration throughout the year as new capacities in Italy, Texas, and Japan come online. The companys ability to switch production locations is seen as a competitive advantage. Despite a flat handset market, Tower expects growth due to its envelope tracking power management product. The company has not been affected by US tariffs, as most of its products are shipped to Asia for assembly. Towers enterprise value is $4.0 billion, trading at 2.6 times estimated 2025 sales, compared to peers at 5.2 times.
growth-positive
Tower Semiconductor forecasts quarterly revenue above estimates on steady chip demand
Tower Semiconductor, an Israeli contract chipmaker, has forecasted third-quarter revenue above Wall Street expectations, driven by steady demand for its chips in the automotive and industrial markets. The companys U.S.-listed shares rose by 5% in early trading. Tower Semiconductor has experienced increased demand for its advanced chip technologies used in optical fiber communications, particularly for data centers and AI infrastructure. The company specializes in manufacturing analog and mixed-signal integrated circuits for various applications, including automotive, industrial, consumer electronics, and optical communications. The company reported a 6% growth in revenue to $372.1 million in the second quarter, surpassing expectations.
growth-positive
Tower Semiconductor Reports 2025 Second Quarter Financial Results
Tower Semiconductor reported strong financial results for the second quarter of 2025, with revenues reaching $372 million, marking a 6% year-over-year and 4% quarter-over-quarter growth. The company achieved a net profit of $47 million and generated $123 million in cash flow from operating activities. Tower Semiconductor is optimistic about future growth, projecting third-quarter revenues of $395 million, driven by strategic initiatives in RF infrastructure and AI expansions. The company emphasizes its strong market position and partnerships, which are expected to contribute to continued growth and value creation.
CustomersPartners
growth-positive
Tower Semiconductor: Q2 Earnings Snapshot
Tower Semiconductor Ltd., based in Migdal Haemek, Israel, reported a net income of $46.6 million for its second quarter, translating to 41 cents per share. Adjusted earnings, accounting for stock option expenses, were 50 cents per share. The companys revenue for the period was $372.1 million. Looking ahead, Tower Semiconductor anticipates revenue in the range of $395 million for the current quarter ending in September. The report indicates a positive growth trajectory for the company, driven by strong earnings and optimistic revenue forecasts.
growth-positive
Tower Semiconductor Eyes Strong Growth As RF Infrastructure Momentum Builds
Tower Semiconductor reported a 6% year-on-year revenue growth for its fiscal second quarter, reaching $372.06 million, surpassing analyst expectations. The companys adjusted EPS of 50 cents also exceeded forecasts. Despite a decline in gross and operating profits, Tower Semiconductors strategic initiatives, particularly in expanding RF infrastructure capacity, have positioned it for continued growth. The company is capitalizing on rising demand from data centers and AI expansion, with strong customer forecasts and a leading market share in RF infrastructure. Tower expects third-quarter revenue between $375.25 million and $414.75 million, with a targeted $40 million increase in the fourth quarter.
Customers
growth-positive
Exchange-Traded Funds, Equity Futures Higher Pre-Bell, Buoyed by Rate Cut Expectations
The article discusses the performance of the SPDR S&P 500 ETF Trust (SPY), which saw a 0.6% increase in its value. This growth is indicative of a positive market performance for the ETF. The article is part of a premium news service, requiring a subscription to access the full content. The SPDR S&P 500 ETF Trust is a broad market exchange-traded fund that tracks the performance of the S&P 500 Index, providing investors with exposure to a wide range of U.S. large-cap stocks. The article highlights the ETFs role in the financial markets and its significance for investors looking to diversify their portfolios.
growth-negative
Stocks to watch next week: BP, Diageo, Disney, Uber and WPP
BP is set to release its second-quarter results amid declining oil and gas prices, with analysts expecting earnings of $1.35 per share and $60 billion in revenue. The company is under pressure due to weak cash flow, rising net debt, and challenges in its transition to cleaner energy sources. Activist investor Elliott has raised concerns over BPs performance, particularly its lagging shareholder returns. Analysts predict a pre-tax profit of $4.6 billion, up from $4.2 billion in Q1, but still below past levels. BPs cash flow and net debt, forecasted to be $24.9 billion by Q1 2025, remain key issues.
growth-positive
Tower Semiconductor Receives Best Supplier Award from Wisol for Excellence in RF SOI Technology and Supply Chain Support
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, has been awarded the Best Supplier Award by Wisol, a key vendor of RF filters and modules. This award highlights Towers strong partnership with Wisol and its commitment to delivering high-quality RF SOI technology. Towers platform is crucial for developing high-performance RF front-end ICs used in mobile phones, IoT, and automotive markets. The collaboration with Wisol has enabled the latter to meet stringent performance requirements for customers like Samsung Electronics. This recognition reinforces Towers position as a trusted global foundry partner.
PartnersCustomers
growth-positive
Tower Semiconductor Announces Second Quarter 2025 Financial Results and Conference Call
Tower Semiconductor, a leading foundry for analog semiconductor solutions, announced it will release its second quarter 2025 earnings on August 4, 2025. The company will also hold a conference call to discuss its financial results and provide guidance for the third quarter of 2025. Tower Semiconductor is known for its advanced analog technology offerings and long-term partnerships in various markets, including consumer, industrial, automotive, and medical sectors. The company operates multiple facilities worldwide, ensuring multi-fab sourcing and extended capacity for its customers.
growth-positive
China Clears Synopsys’s $35 Billion Ansys Buyout in US Win
Synopsys Inc. has received approval from Chinas State Administration for Market Regulation to acquire Ansys Inc. for $35 billion. This acquisition is significant for Synopsys as it strengthens its position in the semiconductor technology market. The approval comes with conditions, such as not rejecting customer contract renewals. The deal had faced delays due to geopolitical tensions between the US and China, particularly concerning chip sanctions. The acquisition was previously approved by European and US authorities. Synopsys shares rose following the announcement, indicating a positive market reaction.
Acquisition
growth-positive
Tower Semiconductor and pSemi Win the Prestigious Industry Paper Competition Award at IMS 2025
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, received the Industry Paper Competition Award at the 2025 IEEE International Microwave Symposium for their co-authored paper with pSemi. The paper, which won the Best Paper Award, showcases breakthroughs in wideband RF switch performance, highlighting Towers leadership in RF front-end innovation. The award-winning PCM RF switch offers a record-breaking combination of bandwidth, insertion loss, power handling, and linearity, enabled by Towers proprietary BEOL integration and integrated digital control. This innovation simplifies implementation for end users and supports advanced circuits for 5G, 6G, SatCom, beamforming, and millimeter-wave applications. The recognition underscores Towers commitment to advancing RF front-end integration and the power of strategic partnerships.
Partners
growth-positive
The project to upgrade the semiconductor lab is worth hundreds of millions of dollars.
Tower Semiconductor Ltd. is one of the final two companies bidding for a significant project to upgrade an Indian government semiconductor lab, alongside Tata Semiconductor. This project is valued at hundreds of millions of dollars. Following the news, Towers share price increased by 6.3% on Wall Street, reflecting a positive market reaction. The companys market cap now stands at $5.2 billion. Despite a significant rise in share price since April, it has not yet reached its peak from the start of the year. Previously, Tower withdrew from a project to build a chip plant in India with Adani Group.
Partners
growth-positive
SKYT's Fab-25 Buyout to Aid Wafer Services: What's the Path Forward?
SkyWater Technology is set to acquire Fab-25 from Infineon Technologies, with the deal expected to close on June 30, 2025. This acquisition will significantly enhance SkyWaters semiconductor manufacturing capabilities and expand its foundry footprint. The deal is supported by a four-year supply agreement worth over $1 billion, expected to boost revenues by $300 million in fiscal 2025. The acquisition aligns with national onshoring priorities and positions SkyWater as a key player in the U.S. semiconductor industry. The integration of Fab-25 will enable SkyWater to meet the growing demand for domestically sourced chips and support critical applications in automotive, industrial, and defense markets.
AcquisitionCustomersPartners
growth-positive
Tower Semiconductor to Present at IMS 2025 Highlighting Recent Innovations in RF Foundry Technology
Tower Semiconductor announced its participation in the International Microwave Symposium (IMS) 2025, where it will present a joint white paper with pSemi. The paper, nominated for the Best Industry Paper Award, highlights a next-generation RF switch technology. This technology features ultra-wideband performance and digital control, simplifying implementation for end users and enabling advanced circuits for applications like 5G and future 6G. Tower Semiconductor is a leading foundry of high-value analog semiconductor solutions, providing technology and process platforms for various markets. The companys participation in IMS 2025 and the nomination for the award reflect its commitment to innovation and partnership in the semiconductor industry.
growth-positive
According to CEO Russell Ellwanger, it was Tower that stopped the project, at its request, and withdrew from the collaboration 5-6 months ago.
Tower Semiconductor Ltd. has ended its collaboration with Adani on a chip fab project in India. CEO Russell Ellwanger clarified that Tower withdrew from the project 5-6 months ago, citing confidentiality agreements for not disclosing further details. Despite this, Towers share price has risen by 14.9% since the news broke, with a 2.5% increase after the first quarter results were published. Tower reported a first-quarter revenue of $358 million, a 9% increase from the previous year, and a GAAP net profit of $40 million. Oppenheimer maintained an outperform recommendation for Towers stock, citing its growth potential.
PartnersCustomers
growth-positive
Tower Semiconductor Ltd. Just Beat EPS By 20%: Here's What Analysts Think Will Happen Next
Tower Semiconductor Ltd. experienced a positive week as its shares increased by 9.6% following the release of its first-quarter results. The company reported revenues of US$358 million, aligning with analyst predictions, but surprised with a statutory profit of US$0.35 per share, exceeding expectations by 20%. Analysts now forecast revenues of US$1.55 billion for 2025, reflecting a 5.8% improvement compared to the previous year. Despite the improved earnings outlook, the consensus price target remains unchanged at US$57.27. Tower Semiconductors growth rate is expected to accelerate to 7.9% annually by 2025, although it remains slower than the industry average of 16%.
growth-negative
Tower Semiconductor First Quarter 2025 Earnings: EPS Beats Expectations
Tower Semiconductor reported a revenue increase of 9.5% to US$358.2 million for the first quarter of 2025, although net income decreased by 10% to US$40.1 million. The profit margin also fell from 14% to 11%, attributed to higher expenses. Despite these challenges, the companys earnings per share (EPS) exceeded analyst estimates by 20%. The companys shares have risen by 12% over the past week. Looking forward, Tower Semiconductors revenue is projected to grow at an average rate of 9.9% annually over the next three years, which is below the 16% growth forecast for the US Semiconductor industry.
growth-positive
Tower Semiconductor Ltd (TSEM) Q1 2025 Earnings Call Highlights: Revenue Growth and Strategic ...
Tower Semiconductor Ltd reported a 9% year-over-year revenue increase for Q1 2025, reaching $358 million. The company anticipates continued revenue growth throughout 2025, driven by investments in multi-fab capacity. Significant growth was observed in the RF infrastructure and power segments. The company is focusing on Silicon Photonics and Silicon Germanium technologies, which are expected to drive growth in data centers and AI expansions. Despite a strong financial position, the company faces market uncertainties due to tariffs and policy shifts. The company withdrew from an Indian project, indicating potential challenges in international expansion. The Envelope Tracking business is growing but specific revenue details remain confidential.
growth-negative
Tower Semiconductor Stock Dips Despite Q1 Revenue Growth As Margins Squeeze
Tower Semiconductor Ltd reported a 9% year-on-year revenue growth for the fiscal first quarter, reaching $358.17 million, slightly above analyst expectations. Despite this, the companys stock dipped by 1.37% due to a decline in gross and operating margins, attributed to fixed costs from a new facility. The company discontinued lower-margin operations and is focusing on growth in RF infrastructure and new markets like envelope trackers. Tower expects second-quarter revenue between $353.4 million and $390.6 million. The company generated significant operating cash flow and holds substantial cash reserves.
growth-positive
Tower Semiconductor Reports 2025 First Quarter Financial Results
Tower Semiconductor reported a 9% year-over-year revenue growth for the first quarter of 2025, with revenues reaching $358 million. Despite a slight decrease in net profit due to fixed costs from the new 300mm Agrate facility, the company maintains a stable corporate credit rating. Tower Semiconductor projects continued revenue growth throughout 2025, driven by advancements in RF infrastructure, high voltage power management, and sensors business. The company has also entered the envelope trackers market using its 300mm technology platform. The positive outlook is supported by leveraging global scale and technology breadth amidst geopolitical uncertainties.
Product StageCustomers
growth-positive
Tower Semiconductor: Q1 Earnings Snapshot
Tower Semiconductor Ltd., based in Migdal Haemek, Israel, reported a profit of $40.1 million for its first quarter, translating to 35 cents per share. When adjusted for stock option expenses, earnings were 45 cents per share. The company, which operates in the semiconductor industry, posted a revenue of $358.2 million for the period. This financial performance indicates a positive growth trajectory for the company. The report was generated using data from Zacks Investment Research.
growth-positive
Tower Semiconductor forecasts quarterly revenue above estimates on steady wireless chip demand
Tower Semiconductor, an Israel-based contract chipmaker, has forecasted second-quarter revenue above Wall Street estimates, driven by strong demand for wireless communication and power management chips. The company specializes in analog and mixed-signal semiconductor manufacturing for industries like automotive and communications. Despite challenges in the automotive sector, Tower Semiconductor is experiencing record revenue from radio frequency infrastructure technologies. The company is expanding its facility in Agrate, Italy, which has increased costs but still resulted in an adjusted profit of 45 cents per share, surpassing estimates. The company expects sequential growth in quarterly revenues throughout the year. However, its U.S.-listed shares were down about 1% in premarket trading.
Product StageExpand
growth-positive
TSEM: Tower Looks to RF Infrastructure as the Standout Sector For the Next Few Years
Tower Semiconductor (NASDAQ:TSEM) reported continued year-over-year revenue growth in Q1 2025, with expectations for further growth throughout the year. The company is expanding capacity in Italy, Texas, and Japan, which will significantly boost revenues in the latter half of 2025. Towers Silicon Photonics (SiPho) market share is strong, contributing $105 million in 2024, with expectations to double in 2025. Despite flat handset predictions, growth is anticipated due to envelope tracking power management products. Recent partnerships with Innolight and OpenLight highlight advancements in SiPho technology, enhancing Towers market position. The company trades at an enterprise value of $3.5 billion, with a promising outlook for 2025.
Product StagePartners
growth-positive
Tower Semiconductor to Attend the 22nd Annual Craig-Hallum Institutional Investor Conference and the 53rd Annual TD Cowen Technology, Media & Telecom Conference
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, will participate in two major investor conferences in May 2025. The company will be present at the 22nd Annual Craig-Hallum Institutional Investor Conference in Minneapolis and the 53rd Annual TD Cowen Technology, Media & Telecom Conference in New York. These events provide opportunities for investors to engage with company representatives. Tower Semiconductor is known for its advanced analog technology offerings and long-term partnerships across various sectors, including consumer, industrial, automotive, and medical. The company operates multiple facilities globally, ensuring multi-fab sourcing and extended capacity for its customers.
The stock market’s bulls are charged up. But this S&P 500 target is the test.
growth-negative
Adani Group halts talks with Tower Semiconductor
Adani Group has paused its discussions with Tower Semiconductor regarding a proposed $10 billion semiconductor manufacturing project in India. The decision was made after Adani concluded that the venture did not align with its strategic and commercial objectives. The project, which had received approval from Maharashtra state in September 2024, aimed to produce 80,000 wafers per month and create 5,000 jobs. However, internal evaluations raised concerns about potential demand for the chips in the Indian market. Additionally, Adani was dissatisfied with Towers financial commitment to the partnership, expecting them to invest more financially. Discussions might resume later after further evaluation.
Partners
growth-negative
Exclusive-Adani pauses talks with Israel's Tower for $10 billion India chip foray, sources say
Adani Group has paused its discussions with Israels Tower Semiconductor for a $10 billion chip project. The decision was made after an internal evaluation found uncertainties about demand, particularly in India. The project, which was to be set up in Maharashtra, aimed to produce 80,000 wafers per month and create 5,000 jobs. Adani was not satisfied with Towers financial contribution to the partnership, although Tower was to provide technological expertise. This pause is a setback for Indias Make in India initiative, which aims to boost the semiconductor industry. The decision reflects Adanis strategic reassessment of the projects viability.
growth-positive
Tower Semiconductor Announces First Quarter 2025 Financial Results and Conference Call
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, announced it will release its first quarter 2025 earnings on May 14, 2025. The company will also host a conference call to discuss its financial results and provide guidance for the second quarter of 2025. Tower Semiconductor is known for its advanced and innovative analog technology offerings, serving various markets including consumer, industrial, automotive, and more. The company operates multiple facilities worldwide and emphasizes long-term partnerships. The announcement is expected to have a growth-positive impact on the company as it continues to expand its technology platforms and partnerships.
growth-positive
Why Tower Semiconductor’s (TSEM) Stock Meltdown Makes it a Buy
The article discusses the impact of new tariffs imposed by the Trump administration on various sectors, with Tower Semiconductor (TSEM) being notably affected. Despite the negative short-term impact on TSEMs stock due to its reliance on global supply chains, the article argues that the companys fundamentals remain strong. Tower Semiconductor, an independent foundry based in Israel, specializes in advanced mixed-signal devices crucial for AI applications. The article suggests that the companys focus on manufacturing infrastructural components like sensors and power management systems positions it well for future growth, especially with the expected expansion of the Industrial Internet of Things (IIoT). The current market volatility is seen as a long-term buying opportunity for TSEM stock.
growth-negative
Tower Semiconductor's (NASDAQ:TSEM) five-year total shareholder returns outpace the underlying earnings growth
Tower Semiconductor Ltd. has experienced a significant drop in its share price, falling by 43% in the last quarter, although it has increased by 70% over the past five years, which is below the market return of 95%. The companys earnings per share have grown at 17% annually over the same period, indicating a disconnect between market sentiment and business performance. Despite a 9.2% decline in shareholder value this year, long-term investors have seen an 11% annual gain over five years. The recent sell-off might present a buying opportunity, but potential investors should consider fundamental data and warning signs before making decisions.
growth-positive
Tower Semiconductor and Alcyon Photonics Announce Collaboration to Accelerate Integrated Photonics Innovation
Tower Semiconductor has announced a partnership with Alcyon Photonics to accelerate photonics integration through their SiPho platform. This collaboration aims to provide customers with high-performance photonic building blocks and circuits, facilitating the development of next-generation optical applications. The partnership leverages Towers advanced SiPho technology and Alcyons design expertise to offer robust, silicon-proven photonic IP. This collaboration is expected to enhance data center networking and coherent communications, expanding bandwidth and scalability. The partnership reinforces Towers leadership in silicon photonics, providing validated components for integrated photonics applications.
Partners
growth-positive
Tower Semiconductor Ltd.'s (NASDAQ:TSEM) large institutional owners must be happy as stock continues to impress, up 3.6% over the past week
The article discusses the ownership structure of Tower Semiconductor, highlighting that institutional investors hold a significant 68% stake in the company. This high level of institutional ownership implies that the companys stock price is sensitive to their trading actions. The largest shareholders include Senvest Management, LLC, Harel Insurance Investments and Finances Services Ltd, and Migdal SAL - Domestic Equities. Recently, the company reached a market capitalization of US$4.4 billion, boosting the one-year return to shareholders to 16%. The article suggests that institutional ownership can provide credibility but also warns of potential risks if large investors decide to sell simultaneously.
growth-positive
Tower Semiconductor (TSEM) Demonstrates Breakthrough in 400G Optical Connectivity for AI
DeepSeek, a Chinese AI startup, has made headlines with its R1 AI model, which competes with top US AI models at a fraction of the cost. This development has sparked a global interest in creating cost-effective AI models, challenging the belief that superior AI requires substantial investments in advanced chips and large data centers. The R1 models success has disrupted traditional views in Silicon Valley and highlighted the competitive edge of Chinese AI technology. The article also mentions other companies like Cohere and Google, which are working on efficient AI models. The release of DeepSeeks AI model is seen as a significant development in the AI sector, prompting a call for increased focus on competition from US industries.
growth-positive
Tower Semiconductor Recognized by Northrop Grumman with Supplier Excellence Award
Tower Semiconductor has been recognized by Northrop Grumman Corporation as one of its top supplier partners during the Supplier Excellence Awards Ceremony. This recognition highlights Tower Semiconductors role in supporting Northrop Grumman with technologies that enhance national security. The award underscores the companys commitment to delivering high-quality, reliable, and innovative solutions in the aerospace and defense sectors. Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, provides a range of customizable process platforms and design enablement services. The company operates multiple facilities worldwide to support its customers in various industries, including consumer, industrial, automotive, and medical sectors.
Partners
growth-positive
OpenLight and Tower Semiconductor Demonstrate 400G/lane Modulators Built on Silicon Photonic Wafers for Data Centers and AI Optical Connectivity
OpenLight, in partnership with Tower Semiconductor, has successfully demonstrated a 400G/lane modulator on Towers silicon photonics platform, PH18DA. This innovation supports next-generation optical communication architectures, offering scalable solutions from 100G to 400G for high-speed data transfer in cloud computing, AI, and ML applications. The demonstration highlights the advantages of heterogeneous integrated devices, including small size, high bandwidth, and low drive voltage. The partnership with Tower Semiconductor is a significant step in integrating advanced silicon photonics into the datacom landscape, future-proofing customers PASIC designs and minimizing time to market.
Partners
growth-positive
Tower Semiconductor and Innolight Expand their Collaboration and Ramp Volume of Next-Generation SiPho Solutions for AI and Data Centers
Tower Semiconductor and Innolight have expanded their collaboration to utilize Towers new Silicon Photonics (SiPho) platform, which is now in production and ramping to high volume. This technology reduces the number of external optical components, cutting the number of lasers required per module by half, thereby simplifying optical module design and enhancing cost and supply chain efficiency for AI and data center applications. The partnership aims to deliver cost-efficient, high-performance solutions for AI-driven data centers, addressing the needs of current and future optical modules. The SiPho platform boosts scalability, performance, and cost-effectiveness, reinforcing Towers leadership in the market.
Partners
growth-positive
Tower Semiconductor to Showcase its Next-Generation BCD Technology at APEC 2025
Tower Semiconductor announced its participation in the 2025 Applied Power Electronics Conference (APEC) to showcase its advanced power management solutions. The company will present its cutting-edge power management technology platform, including the latest 300mm 65nm 3.3V-based BCD solution, designed for automotive, AI, mobile, and data center applications. Towers BCD platforms are known for their high-efficiency power conversion capabilities, driving innovation across various applications. The company continues to set new benchmarks in power efficiency, offering a comprehensive suite of design enablement tools. Tower Semiconductor operates multiple facilities worldwide, ensuring multi-fab sourcing and extended capacity for its customers.
growth-negative
Tower Semiconductor Full Year 2024 Earnings: EPS Beats Expectations
Tower Semiconductor reported flat revenue of US$1.44 billion for FY 2023, with a significant decline in net income by 60% to US$207.9 million. The profit margin also decreased from 36% to 14%. Despite earnings per share (EPS) surpassing analyst estimates by 1.5%, the companys shares fell by 3.8% over the past week. The United States segment contributed significantly to revenue, accounting for 42% of the total. The largest operating expense was R&D costs, which made up 51% of total expenses. Looking forward, revenue is expected to grow at an average of 9.5% annually over the next two years, which is below the 16% growth forecast for the US Semiconductor industry.
growth-positive
Should You Investigate Tower Semiconductor Ltd. (NASDAQ:TSEM) At US$47.63?
Tower Semiconductor Ltd. (NASDAQ:TSEM) has experienced a notable increase in its share price over the past couple of months, although it remains below its previous years high. The company is currently trading at a price-to-earnings ratio of 25.56x, which is lower than the industry average of 32.19x, suggesting it is undervalued. Analysts predict a 26% increase in earnings over the next few years, indicating a positive growth outlook. The stocks low beta suggests stability, making it an attractive investment opportunity for shareholders looking to accumulate more holdings. Despite the optimistic future, other factors like capital structure should be considered.
growth-negative
The Israeli chipmaker struggles with oversupply and faces new threats from Chinese AI upstart DeepSeek.
Tower Semiconductor, an Israeli chipmaker, is facing challenges due to an oversupply of analog chips and rising competition from Chinese AI startup DeepSeek. The oversupply has led to a significant decline in demand, particularly in the automotive industry, erasing nearly $1 billion from Towers value. Despite a 70% stock surge in 2024, Towers recent earnings report revealed a disappointing revenue forecast for Q1 2025, contributing to a 5% drop in stock price. The companys focus on analog chips has hindered its growth compared to the broader semiconductor industry, which saw a 19% demand increase driven by AI. Towers market capitalization stands at $5.2 billion.
Customers
growth-positive
Tower Semiconductor Adapts To Nvidia's Architectural Shift, Analyst Sees Growth In AI Optical Networks
Tower Semiconductor reported a strong fiscal fourth-quarter performance, with a 10% revenue growth to $387.19 million, slightly surpassing analyst expectations. The companys adjusted EPS of $0.59 also exceeded consensus estimates. The growth was largely driven by a 126% year-over-year increase in its RF Infrastructure business, supported by AI Data Center expansion. Despite a positive outlook, the company anticipates a decline in its Mobile business due to the weak Chinese Android market. The Silicon Photonics segment showed significant growth, projected to be a major growth driver in the coming years. Analyst Cody Acree remains optimistic about the companys future, citing its strategic position in the industry upcycle.
growth-negative
Tower Semiconductor Ltd (TSEM) Q4 2024 Earnings Call Highlights: Strong Revenue Growth Amid ...
Tower Semiconductor Ltd reported strong financial performance for 2024, with an annual revenue of $1.44 billion and a net profit of $208 million. The company achieved a 10% year-over-year growth in Q4 2024 revenue. However, it anticipates challenges in 2025, including a decrease in RF mobile revenue due to weaker customer forecasts and the discontinuation of lower margin activities. The company is investing significantly in expanding its SiGe and SiPho capacity to meet growing customer demand. Despite these investments, Tower Semiconductor faces headwinds from low utilization rates in several fabs and added fixed costs. The company expects a reduction in the RF mobile business, indicating potential challenges in this segment.
Product StageCustomers
growth-positive
Tower Semiconductor Reports 2024 Fourth Quarter and Full Year Financial Results
Tower Semiconductor reported its financial results for the fourth quarter and full year of 2024. The company achieved a 5% quarter-over-quarter revenue growth and a 10% year-over-year growth for the fourth quarter, with revenues reaching $387 million. The full-year revenue was $1.44 billion, with a net profit of $208 million. The company also reported cash flow from operating activities of $101 million for the fourth quarter and $449 million for the full year. Investments in property and equipment were significant, totaling $93 million for the quarter and $432 million for the year. The company discontinued lower-margin legacy flows in Fab1 and transferred strategic flows to Fab2, enhancing production efficiency.
growth-negative
Tower Semiconductor Q4 Earnings: Beats EPS Estimates, Expands AI Chip Production For 2025 Growth, Stock Falls As Outlook Disappoints The Street
Tower Semiconductor reported a 10% year-on-year revenue growth for Q4, slightly beating analyst estimates. Despite this, the stock fell due to a disappointing outlook. The company is expanding AI chip production for 2025, with expectations of sequential revenue growth. Tower Semiconductor discontinued lower-margin legacy flows and transferred strategic flows to a more advanced factory. The company is positioned to benefit from AI infrastructure developments, but the stock price declined by 4.52% premarket. The company holds $1.22 billion in cash and equivalents and aims for significant revenue growth in 2025.
Product StageCustomers
growth-positive
Tower Semiconductor forecasts upbeat quarterly revenue on steady demand for analog chips
Tower Semiconductor, an Israeli contract chipmaker, has forecasted its first-quarter 2025 revenue to be slightly above estimates, driven by resilient demand from the automobile sector. Despite challenges in the automobile industry, including inventory clearance issues and a slowdown in electric vehicle demand, Tower has maintained its supply of analog and mixed-signal semiconductors. The company projects a revenue of $358 million for the first quarter, slightly above the $357.5 million estimated by analysts. While fourth-quarter revenue was in line with estimates at $387.2 million, net profit fell short due to costs associated with a new chipmaking plant in Italy. However, adjusted profit per share exceeded expectations.
growth-positive
Tower Semiconductor: Q4 Earnings Snapshot
Tower Semiconductor Ltd., based in Migdal Haemek, Israel, reported a net income of $55.1 million for its fourth quarter, translating to 49 cents per share. When adjusted for stock option expenses and amortization costs, earnings were 59 cents per share. The company posted a revenue of $387.2 million for the quarter and $1.44 billion for the year, with an annual profit of $207.9 million or $1.85 per share. For the upcoming quarter ending in March, Tower Semiconductor expects revenue to be in the range of $358 million. The report indicates a positive growth trajectory for the company.
growth-positive
TSEM: Tower Expects Increasing Revenue in 2025 as Capacity Kicks In
Tower Semiconductor (NASDAQ:TSEM) reported continued year-over-year revenue growth in Q4 2024 and anticipates further growth throughout 2025, driven by increased capacity in Italy, Texas, and Japan. Despite flat revenues and earnings in 2024 compared to 2023, excluding a one-time gain from an Intel merger, the company expects improved results in 2025. The RF infrastructure sector is growing rapidly, offsetting declines in RF Mobile due to reduced demand in China for Android phones. SiPho revenue tripled in 2024 and is expected to double in 2025. Towers Q1 is typically its weakest quarter, with projected revenues of $358 million, reflecting year-over-year growth but a sequential decline. The companys enterprise value stands at $4.5 billion.
growth-negative
Stocks to watch next week: BP, Barclays, NatWest, AirBnB and Lyft
The article discusses the upcoming earnings report of BP, set to be released on February 11. BP is expected to report a significant decline in profits, following a nearly 30% slump in its third-quarter underlying replacement cost profit to $2.3 billion. This decline is attributed to lower oil margins and realized oil prices, compounded by geopolitical tensions and increased US crude oil inventories. The article also highlights the impact of US President Trumps policies on oil prices, including intensified sanctions on Iran. The overall sentiment is negative, with BP facing challenges in maintaining profitability amid these pressures.
Public Trading
growth-negative
Wedbush Initiates Outperform Rating on Tower Semiconductor Ltd. (TSEM), Eyes Long-Term Growth
The article discusses the impact of DeepSeeks AI models on the tech industry, particularly in the United States. DeepSeeks AI models, which claim to use less data and power than US models, have caused significant market disruption, leading to a $1 trillion loss in US technology stocks. Concerns have arisen about the sustainability of large AI investments and the potential erosion of market share for US tech companies. Despite DeepSeeks claims, a report by NewsGuard highlights the chatbots low accuracy and tendency to repeat false claims. The US Commerce Department is investigating potential unauthorized use of US chips by DeepSeek, amid reports of AI chip smuggling to China.
growth-negative
Tower Semiconductor (NASDAQ:TSEM) Has Some Way To Go To Become A Multi-Bagger
The article discusses the financial performance of Tower Semiconductor, focusing on its Return on Capital Employed (ROCE). Despite increasing its capital employed by 66% over the past five years, the companys ROCE has remained relatively flat at 6.6%, which is below the semiconductor industry average of 8.6%. This suggests that the investments made by Tower Semiconductor have not resulted in higher returns. Although the stock has provided a 102% return to shareholders over the last five years, the article suggests that the likelihood of the company becoming a multi-bagger in the future is low due to the stagnant ROCE. The article highlights the importance of ROCE as a metric for evaluating long-term stock potential.
growth-positive
Tower Semiconductor Announces Fourth Quarter and Fiscal Year 2024 Financial Results and Conference Call
Tower Semiconductor, a leading foundry for high-value analog semiconductor solutions, is set to release its fourth quarter and fiscal year 2024 earnings on February 10, 2025. The company will host a conference call on the same day to discuss its financial results and provide guidance for the first quarter of 2025. Tower Semiconductor offers a wide range of customizable process platforms and has facilities in Israel, the U.S., Japan, and Italy. The company focuses on creating sustainable impacts through long-term partnerships and advanced analog technology offerings.
growth-positive
Tower flourishes after Intel deal cancellation
Tower Semiconductor experienced significant developments after the cancellation of its acquisition by Intel, which was initially valued at $5.4 billion. The deal fell through due to regulatory issues, but Tower benefited from a $353 million compensation from Intel, boosting its profits. Despite the setback, Towers stock price recovered and outperformed the Philadelphia Semiconductor Index. The company expanded its production capacity, including a partnership with Intel for using its New Mexico factory. Analysts are optimistic about Towers growth, forecasting increased demand for its RF/SiPho chips and a recovery in other business segments. Intel, on the other hand, faced financial difficulties, leading to layoffs and a CEO change.
Acquired-byLayoffsPartners
growth-positive
Has Tower Semiconductor Ltd.'s (NASDAQ:TSEM) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Tower Semiconductors stock has risen by 21% over the past three months, prompting an analysis of its financials, particularly its Return on Equity (ROE). The companys ROE stands at 7.9%, which is below the industry average of 11%. Despite this, Tower Semiconductor has achieved a significant net income growth rate of 38% over the last five years, surpassing the industry average of 21%. This growth could be attributed to factors such as a low payout ratio or efficient management. The article suggests that the companys earnings growth potential is a key factor for investors to consider when evaluating its stock value.
growth-positive
Tower Semiconductor to Attend the 27th Annual Needham Growth Conference in New York
Tower Semiconductor announced its participation in the 27th Annual Needham Growth Conference, scheduled for January 14-15, 2025, in New York. The event will provide an opportunity for investors to engage in one-on-one meetings with company representatives. Tower Semiconductor is a leading foundry specializing in high-value analog semiconductor solutions across various markets, including consumer, industrial, automotive, and more. The company emphasizes sustainable impact through long-term partnerships and innovative technology offerings. Tower Semiconductor operates multiple facilities worldwide, ensuring multi-fab sourcing and extended capacity for its customers. The conference participation is expected to enhance investor relations and showcase the companys capabilities.
growth-positive
Tower Semiconductor Releases 300mm 65nm 3.3V-Based BCD Power Management Platform
Tower Semiconductor has announced a new 300mm 65nm 3.3V-based BCD Power management platform, PML, which complements its existing 5V-based offering. This new platform is designed to meet the low-voltage requirements of mobile devices and the high power efficiency demands of AI and data center applications. The platform features advanced LDMOS devices that achieve high power conversion efficiency, enabling better performance in power consumption and extended battery life. This innovation is expected to empower Tower Semiconductors customers to develop competitive products in strategic markets such as mobile, AI, and data centers.
growth-positive
Tower Semiconductor Awarded by Semtech for Manufacturing Excellence and Partnership
Tower Semiconductor has been recognized by Semtech Corporation for its manufacturing excellence and partnership in executing CY2024 wafer shipments. This recognition highlights Towers ability to ramp up high-volume products using its advanced SiGe platform, crucial for AI and data center applications. The longstanding partnership between Tower and Semtech has enabled them to capture a significant market share in SiGe products, essential for optical networking solutions. The collaboration has allowed both companies to meet the high demand for AI and data center applications, benefiting their joint customers. The recognition underscores the strong partnership and innovation driven by Tower Semiconductor in the semiconductor industry.
Partners
growth-positive
Tower Semiconductor Releases 300mm Silicon Photonics Process as a Standard Foundry Offering
Tower Semiconductor has announced the release of its new 300mm Silicon Photonics (SiPho) process, enhancing its existing 200mm platform. This new offering aims to meet the growing demands of high-speed data communications for next-generation datacom applications. The 300mm process features advanced silicon waveguides and low-loss silicon nitride waveguide offerings, improving compatibility with industry-standard OSAT platforms. This development is expected to provide a seamless transition for existing customers to next-generation technology, enhancing efficiency and flexibility of supply. Tower Semiconductor continues to focus on creating sustainable impacts through long-term partnerships and advanced analog technology offerings.
Customers
growth-positive
Tower Semiconductor Begins Production of 1.6Tbps Optical Transceivers on its Latest Silicon Photonics Platform
Tower Semiconductor has commenced volume production of 1.6 Tbps optical transceivers using its latest Silicon Photonics platform. This development addresses the increasing demand for faster, high-capacity solutions in AI, cloud computing, and data centers. The new platform doubles the data rates compared to the existing 800 Gbps products, supporting 200 Gbps per lane. This advancement has been achieved in collaboration with several Tier 1 customers, including Coherent Corp., who have started ordering production quantities. The platforms features, such as high bandwidth optical modulators and low-loss edge coupling, are crucial for high-speed data communication components. Tower Semiconductors innovation is expected to significantly benefit its customers and partners in advancing their markets.
CustomersPartners
growth-positive
US$57.50 - That's What Analysts Think Tower Semiconductor Ltd. (NASDAQ:TSEM) Is Worth After These Results
Tower Semiconductor Ltd. recently reported its quarterly earnings, revealing a revenue of $371 million, which aligned with analyst forecasts. The companys earnings per share (EPS) surpassed expectations by 4.3%, reaching $0.49. Analysts have adjusted their forecasts, now predicting a 12% revenue increase to $1.57 billion in 2025 and an 8.8% rise in EPS to $2.02. The consensus price target has been raised by 8.5% to $57.50. Despite the positive outlook, Tower Semiconductors projected growth rate of 9.8% annually is slower than the industry average of 19%. The companys shares fell by 2.9% following the earnings report.
growth-negative
Tower Semiconductor Third Quarter 2024 Earnings: EPS Beats Expectations
Tower Semiconductor reported its financial results for the third quarter of 2024, showing a revenue increase of 3.4% to US$370.5 million. However, the companys net income significantly decreased by 84% to US$54.6 million, and its profit margin dropped from 96% to 15% due to higher expenses. Despite these challenges, the earnings per share (EPS) of US$0.49 surpassed analyst estimates by 4.3%. The companys shares have risen by 6.7% over the past week. Looking forward, Tower Semiconductors revenue is expected to grow at an average rate of 9.2% annually over the next three years, which is below the 19% growth forecast for the US Semiconductor industry. The article highlights the need to consider risks associated with the company.
growth-positive
Tower Semiconductor Ltd (TSEM) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and ...
Tower Semiconductor Ltd reported a strong financial performance for Q3 2024, with a revenue of $371 million, marking a 6% quarter-over-quarter and 3.5% year-over-year growth. The company achieved a net profit of $55 million, representing a net margin of 15%. Key growth areas include RF infrastructure and silicon photonics, with significant investments in expanding production capabilities. However, the company faces challenges in the RF mobile market, with demand outpacing capacity and no long-term agreements in place, posing potential risks. Despite these challenges, the overall financial performance and strategic investments indicate a positive growth trajectory.
growth-positive
TSEM: Tower Returned to Year-Over-Year Revenue Growth After Nearly Two Years of Declines
Tower (NASDAQ:TSEM) experienced a return to revenue growth in Q3 2024 after nearly two years of declines, with earnings improving both sequentially and year-over-year. The company expects continued growth in Q4 as its 300mm capacity comes online and demand for RF Infrastructure, particularly SiPho, increases. SiPhos demand has surged, with revenue expectations for 2024 rising from $80 million to $100 million. Tower anticipates ending the year with a $150 million run rate, potentially surpassing its original 2025 revenue forecast of $160 million. Despite increased costs from the Agrate fab, Tower remains optimistic about its market leadership in 800G and future production of 1.6T. The company guided Q4 revenues to $387 million, indicating accelerating growth.
growth-positive
Tower Semiconductor: Q3 Earnings Snapshot
Tower Semiconductor Ltd., based in Migdal Haemek, Israel, reported a third-quarter profit of $54.6 million, equating to 49 cents per share. Adjusted earnings were 57 cents per share. The company, a chipmaker, achieved a revenue of $370.5 million for the period. Looking ahead, Tower Semiconductor anticipates revenue between $387 million for the upcoming quarter ending in December. This positive earnings report suggests a growth-positive outlook for the company.
growth-positive
Tower Semiconductor forecasts upbeat Q4 revenue; unveils $350 million investment plan
Tower Semiconductor has announced a forecast for its fourth-quarter revenue that exceeds estimates, driven by a recovery in chip demand. The company plans to invest $350 million to expand its production capacities, particularly in silicon photonics and silicon germanium. This expansion will take place in facilities located in San Antonio, Migdal Haemek, and Uozu. The company is also involved in a $10 billion project with Indias Adani Group to establish a semiconductor facility in Maharashtra. Tower Semiconductors third-quarter revenues surpassed Wall Street expectations, and its shares rose by 7.5% in premarket trading. The company is optimistic about the improving demand from the Chinese automotive market, which is expected to reduce chip inventory levels.
InvestmentExpandPartners
growth-positive
Tower Semiconductor Stock Soars 12.5% on Game-Changing Expansion and Record-Breaking Q3 Growth
Tower Semiconductor reported strong Q3 2024 results, with revenues of $371 million and net profits of $55 million. The company announced a $350 million expansion plan to enhance production capabilities in Israel, the U.S., and Japan, focusing on Silicon Photonics and Silicon Germanium technologies. This move aims to position Tower as a leader in AI-driven data centers and next-gen communications. The market responded positively, with the stock rising 12.5%. Towers Q4 guidance is also optimistic, projecting revenues of $387 million. The article highlights Towers strategic focus on innovation and growth, signaling confidence in its future prospects.
InvestmentExpand
growth-positive
Tower Semiconductor Q3 Earnings: Revenue And Profit Beat, Plans $350 Million Expansion
Tower Semiconductor reported a 3.4% year-on-year revenue growth for Q3 2024, slightly surpassing analyst expectations. The companys adjusted EPS also exceeded forecasts, leading to a stock price increase. Despite a decline in operating profit due to a previous merger termination fee, Tower Semiconductor is initiating a $350 million investment to expand its capacity and enhance its technology capabilities. This expansion is driven by rising demand in high-growth markets, particularly for AI-driven data center components. The company expects continued revenue growth in Q4, with a forecasted revenue of $387 million. The stock has surged over 42% year-to-date.
InvestmentExpand
growth-positive
Tower Semiconductor Reports 2024 Third Quarter Financial Results
Tower Semiconductor reported its third-quarter 2024 results, showcasing a 6% quarter-over-quarter revenue growth, reaching $371 million. The company announced a $350 million investment plan to expand its SiPho and SiGe capacity to meet increasing customer demand. This expansion includes facilities in San Antonio, Migdal Haemek, and Uozu. The company projects fourth-quarter revenue to be $387 million, reflecting continued growth. CEO Russell Ellwanger emphasized the companys focus on innovation and strong partnerships with industry-leading customers. The results indicate a positive growth trajectory driven by advanced technology platforms.
InvestmentExpandCustomers
growth-positive
Tower Semiconductor Announces Third Quarter 2024 Financial Results and Conference Call
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, announced it will release its third-quarter 2024 earnings on November 13, 2024. The company will also hold a conference call on the same day to discuss its financial results and provide guidance for the fourth quarter of 2024. Tower Semiconductor focuses on providing technology and process platforms for various growing markets, including consumer, industrial, automotive, and more. The company emphasizes long-term partnerships and advanced analog technology offerings. It operates multiple facilities worldwide to ensure multi-fab sourcing and extended capacity for its customers.
growth-positive
Harel Insurance Investments & Financial Services Ltd. Expands Stake in Tower Semiconductor Ltd.
On September 30, 2024, Harel Insurance Investments & Financial Services Ltd. acquired 4,915,503 shares of Tower Semiconductor Ltd., increasing its total holdings to 8,678,600 shares. This acquisition marks a strategic enhancement in Harels investment portfolio, particularly in the semiconductor industry. The transaction was executed at $44.26 per share, and Tower Semiconductor now accounts for 6.95% of Harels total portfolio. This move aligns with Harels focus on high-growth sectors and reflects confidence in Tower Semiconductors market position and growth prospects. Tower Semiconductor, a global leader in semiconductor manufacturing, has shown significant stock performance, although it is currently overvalued. The acquisition underscores Harels commitment to long-term shareholder value and strategic diversification.
Investment
growth-positive
Investing in Tower Semiconductor (NASDAQ:TSEM) five years ago would have delivered you a 103% gain
Tower Semiconductor Ltd. has experienced a significant increase in its share price, rising 103% over the last five years and 12% in the past month. This growth is attributed to the companys strong earnings per share (EPS) growth of 31% annually over the same period, although the market sentiment remains cautious as reflected by a P/E ratio of 10.26. The article suggests that the companys recent performance may indicate real business momentum, making it an attractive prospect for further analysis. However, it also notes two warning signs regarding the companys financials. The article is a general commentary and does not provide specific investment advice.
growth-positive
Tower Semiconductor Ltd (TSEM) Q2 2024 Earnings Call Highlights: Strong Revenue Growth and ...
Tower Semiconductor Ltd reported a strong financial performance for Q2 2024, with a revenue of $351 million and a net profit of $53 million, resulting in a net margin of approximately 15%. The company saw significant growth in its RF infrastructure and silicon photonics segments, driven by increased customer forecasts and AI demand. Despite some challenges, such as underutilization in certain facilities and capacity tightness in transitioning to 300-millimeter technology, the company remains optimistic about future growth. The company is also investing significantly in new facilities, which may impact short-term profitability but are expected to support long-term growth.
growth-positive
Tower Semiconductor Ltd. (NASDAQ:TSEM) is a favorite amongst institutional investors who own 56%
The article discusses the ownership structure of Tower Semiconductor, highlighting that institutional investors hold a significant portion of the companys shares, which is generally viewed positively. The largest shareholder is Senvest Management, LLC, owning 7.4% of the shares. Hedge funds and the general public also hold notable stakes. The article emphasizes the influence of institutional investors on the companys board decisions and the potential impact of their trading actions on the stock price. It also touches on the importance of insider ownership and the role of retail investors.
Investment
growth-positive
Tower Semiconductor Sets a New RFSOI Standard with Broadcom’s Wi-Fi RF Front-End Modules for Next-Gen Mobile Applications
Tower Semiconductor announced the production of Wi-Fi 7 RF front-end module (FEM) devices using its advanced 300mm RFSOI technology. The company has partnered with Broadcom Inc. to deliver these high-performance, efficient FEMs for mobile applications. This collaboration leverages Towers RFSOI technology to create compact, integrated solutions that meet stringent size and power efficiency requirements. The partnership highlights Towers commitment to innovation and customer success, reinforcing its position in the market. The announcement underscores the technological strengths and market leadership of both companies.
Partners
growth-negative
Is Now An Opportune Moment To Examine Tower Semiconductor Ltd. (NASDAQ:TSEM)?
Tower Semiconductor Ltd. (NASDAQ:TSEM) has experienced a 12% share price growth on the NASDAQGS over the past few months, nearing its yearly highs. Despite this, the companys price-to-earnings ratio of 9.12x is significantly below the industry average of 25.85x, indicating it is trading at a cheaper price relative to its peers. However, the company faces negative growth prospects in the near term, with an expected double-digit decline in profit. This introduces a degree of risk for current and potential investors. The article suggests that while the stock is currently a bargain, the adverse growth outlook may warrant caution.
growth-positive
Adani Plans $10 Billion India Chip Plant With Israel’s Tower
The Adani Group, led by billionaire Gautam Adani, plans to build a semiconductor fabrication plant in partnership with Israels Tower Semiconductor Ltd. The facility, located in Taloja near Mumbai, will require a $10 billion investment and aims to produce 40,000 wafers in its first phase and 80,000 in the second. This move aligns with Indian Prime Minister Narendra Modis vision to make India a technology superpower and reduce reliance on semiconductor imports. The project is expected to be completed in three to five years and will be funded through Adani Groups internal accruals and some debt.
PartnersInvestment
growth-positive
Israel's Tower Semiconductor, Adani plan $10 billion chip project in India
Israels Tower Semiconductor and Indias Adani Group will invest $10 billion in a semiconductor project in Maharashtra, India. This investment is part of Indias broader strategy to become a global chip manufacturing hub. The project will initially have a capacity of 40,000 wafers and is expected to create 29,000 jobs. Additionally, Skoda-Volkswagen and Toyota-Kirloskar will invest in electric and hybrid vehicle manufacturing units in the state. The semiconductor market in India is projected to be worth $63 billion by 2026.
InvestmentPartners
Neutral
Tower Semiconductor's (NASDAQ:TSEM) Returns Have Hit A Wall
The article discusses the performance of Tower Semiconductor in terms of its returns on capital employed (ROCE). The companys ROCE has remained stable at 6.6% in recent years, despite a 61% increase in capital employed. This indicates that the company is not investing its funds into high return investments. However, the stock has provided a 122% return to long-term shareholders in the last five years. The article suggests that unless the underlying trends become more positive, high expectations for the companys future should be tempered.
Investment
Growth-Positive
Empowering the Future: Tower Semiconductor Announces 2024 Technical Global Symposium to Showcase Analog Technology Advancements
Tower Semiconductor has announced its annual Technical Global Symposium (TGS) for 2024, with events to be held in the USA and China. The symposium will cover key topics such as AIs impact on various industries, technology megatrends, and Towers solutions in connectivity, power applications, and digital imaging. The conferences will feature a keynote session by Towers CEO, Mr. Russell Ellwanger, and technology sessions led by the companys experts. Industry leaders Innolight and Nvidia will also give invited talks at the events.
CustomersPartners
Neutral
Tower Semiconductor (NASDAQ:TSEM) Strong Profits May Be Masking Some Underlying Issues
Tower Semiconductor Ltd. recently posted solid earnings, but the stock didnt move as much as expected. The statutory profit number doesnt tell the whole story, with a US$323m gain attributed to unusual items boosting the profit. However, such boosts from unusual items are often not repeated the next year. Therefore, the companys underlying earnings power may be lower than its statutory profit. Despite this, its earnings per share have grown impressively over the last three years. The company also has 2 warning signs that deserve attention.
growth-positive
Results: Tower Semiconductor Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates
Tower Semiconductor Ltd. has released its Q2 results, leading to a 5.6% increase in share prices to $42.88. The company reported revenues of $351m, in line with analyst expectations, and a profit of $0.48 per share, surpassing forecasts by 23%. Analysts predict revenues of $1.43b in 2024, a 2.9% increase from the past 12 months. However, earnings per share are expected to drop 59% to $1.83 in the same period. The consensus price target rose 12% to $53.00, indicating increased optimism towards Tower Semiconductor.
Investment
Growth-Positive
Tower Semiconductor Second Quarter 2024 Earnings: EPS Beats Expectations
Tower Semiconductor has reported its Q2 2024 results, with a revenue of US$351.2m, down 1.7% from Q2 2023, and a net income of US$53.4m, up 4.4% from Q2 2023. The profit margin was 15%, in line with Q2 2023, and EPS was US$0.48, up from US$0.47 in Q2 2023. The companys revenue was in line with analyst estimates, and its EPS surpassed analyst estimates by 23%. The companys shares are up 2.6% from a week ago. The revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.
Growth-Positive
TSEM: Tower is Returning to Revenue and Earnings Growth Driven by Photonics Usage in Data Center Infrastructure and Smartphones
Tower Semiconductors Q2 2024 revenue declined as expected, but earnings improved both sequentially and year over year. The company expects improvement throughout 2024 as 300mm capacity comes on line and demand increases. The company guided to revenues of $370 million plus or minus 5% for Q3 2024. Silicon Photonics is expected to be a big part of the company’s growth driven by data center infrastructure. The company expects $80 million in revenues from Silicon Photonics this year versus approximately $30 million last year. In 2025 revenues are now expected to double to $160 million.
CustomersInvestment
growth-positive
Tower Semiconductor Reports 2024 Second Quarter Financial Results
Tower Semiconductor has reported its Q2 2024 results, showing a revenue of $351 million, up from $327 million in Q1 2024. The gross profit for Q2 2024 was $87 million, compared to $73 million in Q1 2024. The operating profit for Q2 2024 was $55 million, including $6 million restructuring income associated with the reorganization and restructure of the companys Japan operations during 2022. The net profit for Q2 2024 was $53 million. The company also reported a cash flow of $113 million from operating activities in Q2 2024. The company expects its revenue for Q3 2024 to be $370 million.
CustomersInvestment
Growth-Positive
Is Tower Semiconductor Ltd.'s (NASDAQ:TSEM) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?
Tower Semiconductors stock has seen a significant rise of 30% over the last three months, prompting a closer look at its financial health. The companys Return on Equity (ROE) is being examined, a measure of how effectively a company can generate returns on the investment it received from its shareholders. Tower Semiconductors ROE is 20%, which is higher than the industry average of 15%. This has likely contributed to the companys impressive net income growth of 39% over the last five years. The company does not pay regular dividends, indicating that all profits are being reinvested into the business.
growth-positive
במסגרת קרב השליטה על תחום הסיליקון פוטוניקס: אינטל משתפת פעולה עם טאוא
Intel is partnering with Israeli company Tower Semiconductor to develop silicon photonics, a technology that will underpin future advancements such as artificial intelligence, 6G, and autonomous driving. This move is part of a global effort by companies and countries to enter the silicon photonics field. Other global companies like TSMC, Nvidia, and Broadcom are also actively developing silicon photonics technologies. Countries like China and Japan are investing heavily in the development of photonic semiconductors at a national level. Intels partnership with Tower Semiconductor is strategic, as it had previously failed to acquire the company due to lack of approval from Chinese regulators.
PartnersExpand
Neutral
Tower Semiconductor Announces Second Quarter 2024 Financial Results and Conference Call
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, will release its second quarter 2024 earnings on July 24, 2024. The company will also hold a conference call to discuss its financial results and provide guidance for the third quarter of 2024. The call will be webcasted and can be accessed through the Investor Relations section on Tower Semiconductor’s website or by calling specified numbers. The teleconference will be available for replay for 90 days.
None
Growth-Positive
Wall Street Favorites: 3 Under-$50 Stocks With Strong Buy Ratings for May 2024
The article discusses three companies with stocks under $50 that are predicted to have strong growth potential. Tower Semiconductor, an independent computer chip foundry based in Israel, is expected to see a 26% upside potential with an average price target of $46.33. PowerSchool, a cloud-based software provider for the K-12 education market, is expected to see an increase in earnings per share and revenue by fiscal 2024. TAL Education, a provider of K-12 after-school tutoring services in China, is expected to see a significant increase in earnings per share and revenue in the current fiscal year.
Investment
growth-positive
Earnings Beat: Tower Semiconductor Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Tower Semiconductor Ltd. saw its shares surge by 11% to $36.71 following its Q1 results. The company reported revenues of $327m, in line with expectations, and an EPS of $0.40, beating analyst predictions by 12%. Analysts are forecasting revenues of $1.43b in 2024, reflecting a 2.3% increase on its revenue over the past 12 months. However, EPS is expected to drop 62% to $1.67 in the same period. The consensus price target rose 15% to $44.20, suggesting that higher earnings estimates are impacting the stocks valuation.
Investment
Growth-Negative
Tower Semiconductor First Quarter 2024 Earnings: EPS: US$0.40 (vs US$0.65 in 1Q 2023)
Tower Semiconductors first quarter 2024 results show a decline in revenue, net income, profit margin, and EPS compared to the same period in 2023. Revenue was down 8.0% to US$327.2m, net income was down 38% to US$44.6m, profit margin was down to 14% from 20%, and EPS was down to US$0.40 from US$0.65. However, the companys shares are up 12% from a week ago and revenue is forecast to grow 6.4% p.a. on average during the next 2 years.
Customers
growth-positive
Tower Semiconductor Ltd. (NASDAQ:TSEM) Q1 2024 Earnings Call Transcript
Tower Semiconductor Ltd. reported its Q1 2024 financial results, with revenue in the upper half of its guidance at $327 million and a net profit of $45 million. The companys CEO, Russell Ellwanger, expressed a positive outlook for the remainder of 2024, targeting quarter-over-quarter revenue and margin increases. The companys RF Mobile, RF Infrastructure, and Silicon Photonics businesses all saw strong growth. The company is also investing in equipment and other CapEx items for its 12-inch factory in Agrate, Italy, and Intel Fab in New Mexico.
CustomersPartnersInvestmentExpand
growth-negative
TSEM: Tower Projects Sequential Revenue Improvement Throughout the Year Despite Industry Doldrums
Towers Q1 2024 revenue declined, but the company expects improvement throughout 2024 due to increased capacity and product demand. The companys market cap is $2.8 billion, trading at 2.0 times EV to estimated sales for 2024. Towers Silicon Photonics business contributed 5% of revenues in Q1 2024, with high demand for use in data centers and AI. The company saw weakness in automotive, which was 10% of revenues in the quarter. Fab utilization is improving but still below 2019 and 2020 levels. An earthquake in Japan disrupted production, but operations have returned to normal.
CustomersManagement Changes
growth-positive
Tech Boom 2.0: 7 Stocks That Will Dominate the Next Surge
The article discusses seven tech companies that are expected to dominate the next tech boom due to their strong innovations and market strategies. These companies include NXP, Tower Semiconductor, Palantir, Intel, Meta, Advanced Micro Devices, and Block. Each of these companies has demonstrated strong growth and innovation in their respective sectors, from automotive electronics to AI-powered solutions. They have also formed strategic partnerships with other leading companies in the tech sector, further bolstering their growth prospects. The article suggests that these companies represent excellent investment opportunities for those looking to gain exposure to the rapidly expanding tech industry.
CustomersPartnersExpand
growth-positive
UPDATE 1-Tower Semiconductor beats profit estimates, sees more growth in 2024
Tower Semiconductor, an Israeli contract chipmaker, has reported better-than-expected quarterly profit and revenue, despite a weak demand for industrial and automotive chips due to an economic downturn. The company, which specialises in analogue chips used in cars, medical sensors and power management, reported earnings of 46 cents per diluted share excluding one-off items in Q1 2024, down from 55 cents a year earlier. Revenue slipped to $327m from $356m. Despite the downturn, the company expects improvement throughout 2024.
Customers
growth-positive
Tower Semiconductor CEO Eyes Recovery, Projects Over 7% Growth Next Quarter
Tower Semiconductor Ltd reported a fiscal first-quarter 2024 revenue decline of 8% year-on-year to $327.24 million, beating the analyst consensus estimate. The companys CEO, Russell Ellwanger, acknowledged the overall market downturn, but expressed optimism for recovery beyond the first quarter in several sectors. He also emphasized the need to increase production capacity amidst global uncertainties. Despite the ongoing conflict between Israel and Palestinian Hamas militants, Ellwanger confirmed it has not materially impacted Tower’s operations. He predicts more than 7% sequential growth for the second quarter and significant growth in the latter half of the year.
CustomersManagement Changes
growth-negative
Tower Semiconductor beats profit estimates, sees more growth in 2024
Israeli contract chipmaker Tower Semiconductor reported a decline in quarterly profit and revenue, but expects improvement throughout 2024. The company, which specialises in analogue chips used in cars, medical sensors and power management, reported a revenue of $327 million, down from $356 million a year earlier. The decline was attributed to weak demand for industrial and automotive chips due to an economic downturn. Despite the downturn, the company plans to boost production capacity. Tower expects second-quarter revenue of $350 million, with an upward or downward range of 5%, above analysts forecasts of $334.8 million.
Customers
growth-negative
Tower Semiconductor Reports 2024 First Quarter Financial Results
Tower Semiconductor has reported its Q1 2024 results, revealing a decline in revenue compared to the previous quarter and the same period in the previous year. The companys revenue for Q1 2024 was $327 million, compared to $352 million in Q4 2023 and $356 million in Q1 2023. Gross profit also decreased, with the company reporting $73 million for Q1 2024, compared to $84 million in Q4 2023 and $96 million in Q1 2023. Despite the decline, the company remains confident about continuous growth throughout the year.
Customers
Growth-Positive
Tower Semiconductor to Attend the 52nd Annual TD Cowen Technology, Media & Telecom Conference
Tower Semiconductor announced that its President, Dr. Marco Racanelli, will attend the 52nd Annual TD Cowen Technology, Media & Telecom Conference on May 29 and 30, 2024. The conference will be held at the InterContinental New York Barclay Hotel. The event will provide an opportunity for investors to meet one-on-one with the management. Tower Semiconductor is a leading foundry of high-value analog semiconductor solutions, providing technology, development, and process platforms for its customers in growing markets.
Management Changes
growth-positive
Tower Semiconductor to Participate in the 52nd Annual JP Morgan Global Technology, Media, and Communications Conference
Tower Semiconductors CEO, Russell Ellwanger, is set to participate in the 52nd Annual JP Morgan Global Technology, Media, and Communications Conference on May 20 and 21, 2024. The conference will be held at The Westin Boston Seaport District Hotel in Boston. Ellwanger will participate in a fireside chat and the presentation will be webcast and accessible from the investor relations section of Tower Semiconductor’s website. There will also be an opportunity for investors to meet one-on-one with management.
Management Changes
Neutral
Tower Semiconductor Announces First Quarter 2024 Financial Results and Conference Call
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, will release its first quarter 2024 earnings on May 9, 2024. The company will also hold a conference call to discuss its Q1 2024 financial results and Q2 2024 guidance on the same day. The call will be webcasted and can be accessed through the Investor Relations section on Tower Semiconductors website or by calling specified numbers. The teleconference will be available for replay for 90 days.
growth-positive
Those who invested in Tower Semiconductor (NASDAQ:TSEM) five years ago are up 78%
The share price of Tower Semiconductor Ltd. has increased by 78% in the last five years, outperforming the market return of around 62%. The company has managed to grow its earnings per share at 28% a year over the same period. Despite a tough year with a total loss of 28%, long term investors have made 12% each year over five years. The current sell-off could be an opportunity worth considering if the fundamental data continues to indicate long term sustainable growth.
Investment
growth-positive
7 Tech Stocks to Pick Up From the Discount Bin
The article discusses seven tech stocks that are currently trading below key fundamental metrics, making them potentially profitable investments. These include GoDaddy, which has seen a year-to-date performance increase of 22% and is expected to benefit from the growing gig economy. TE Connectivity, a consistent and reliable company operating in the electronic components segment, is also highlighted. International Money Express, STMicroelectronics, Tower Semiconductor, Gen Digital, and ON Semiconductor are also mentioned as potential investments. The article suggests that these companies, despite their current discounted status, have the potential for robust returns.
Investment
Growth-Positive
Tower Semiconductor Ltd. (NASDAQ:TSEM) is favoured by institutional owners who hold 67% of the company
Institutional investors own 67% of Tower Semiconductor Ltd., which could make the companys stock price vulnerable to their trading decisions. The top 18 shareholders hold 50% of the business. Hedge funds own 6.5% of the company, with the largest shareholder being Harel Insurance Investments and Finances Services Ltd, Asset Management Arm with 6.8% of shares. Senvest Management, LLC owns 6.5% and Migdal Mutual Funds Ltd. holds about 6.1% of the company stock. The general public owns 26% of the company.
Investment
growth-positive
13 High Growth Value Stocks to Invest in According to Seth Klarman
The article discusses the high growth value stocks to invest in according to Seth Klarman of Baupost Group. It mentions that value investing is a classical approach that evaluates a firms underlying fundamentals and business models for potential share price appreciation. Some of the high growth value stocks in Klarmans portfolio include Viasat, Inc., Alphabet Inc., Willis Towers Watson Public Limited Company, The Liberty SiriusXM Group, and Fidelity National Information Services, Inc. The article also mentions Warren Buffetts investment strategy and his latest letter to Berkshire Hathaway shareholders.
Investment
growth-positive
11 Undervalued Semiconductor Stocks To Buy According to Hedge Funds
The semiconductor industry is expected to see significant growth in 2024, according to a report by KPMG. The report surveyed 172 semiconductor executives, 85% of whom anticipate double-digit revenue growth in 2024. The main growth drivers for the industry continue to be the automotive industry, artificial intelligence, and microprocessors. NVIDIA Corporation has been highlighted as a leader in the industry following the unveiling of its latest chip, the Blackwell. The companys stock has been a popular pick for investors and its popularity is expected to continue to grow.
Investment
Growth-Positive
Is It Time To Consider Buying Tower Semiconductor Ltd. (NASDAQ:TSEM)?
Tower Semiconductor Ltd. has seen a share price growth of 18% on the NASDAQGS over the last few months. Despite this, the companys stock has traded higher in the past year. The companys price-to-earnings (PE) ratio of 7.11x is below its peer average of 29.29x, indicating the stock is trading at a lower price compared to the Semiconductor industry. However, the company is expected to deliver a highly negative earnings growth in the next few years, which brings on some uncertainty and risk for potential investors.
Investment
Growth-Positive
Tower Semiconductor to Participate at OFC 2024 Highlighting Company’s Recent Developments in Silicon Germanium and Silicon Photonics Technologies
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, has announced its participation in the upcoming 2024 OFC conference. The company will showcase its advanced Silicon Germanium and Silicon Photonics platforms, as well as recent technology developments. These cutting-edge solutions support the growing demands of AI, quantum computing, datacenters, and next-generation telecom networks. The companys SiGe BiCMOS Terabit Platform is designed to meet the demands of low-latency and low power network architectures. The company also offers a high-volume PH18M SiPho platform that includes a range of optical components.
CustomersExpand
Growth-Positive
Tower Semiconductor Awarded by Northrop Grumman for Supplier Excellence
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, has been recognized by Northrop Grumman Corporation during the company’s Supplier Excellence Awards. The recognition highlights Tower Semiconductors contribution to national security solutions and mission success. The company was instrumental in aiding Northrop Grumman with manufacturing and distribution goals, supporting Department of Defense customers and other commercial entities. Tower Semiconductor has expressed its commitment to delivering comprehensive, value-add solutions with a long-term strategic alignment ensuring success in meeting the detailed and stringent specifications of Northrup Grumman, a leading defense contractor and long-term customer.
PartnersCustomers
growth-positive
Coherent Awards Tower Semiconductor as an Outstanding Innovation and Technology Supplier for Silicon Photonics based Products
Coherent Corp., a global leader in materials, networking, and lasers, and Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, have announced that Coherent has recognized Tower Semiconductor as an Outstanding Innovation and Technology Supplier for its silicon photonics-based optical transceiver products. This recognition is due to Towers commitment to providing advanced technology solutions, which have enabled the development of Coherents market-leading multiple data rate nodes for high-speed optical transceivers. The silicon photonics market is expected to grow at a 44% CAGR from 2022 to 2028.
Partners
Growth-Positive
Tower Semiconductor to Present at 2024 SEMICON China Addressing Advanced CMOS Process Technology for Micro Displays
Tower Semiconductor, a leader in high-value analog semiconductor foundry solutions, will present its latest technological developments at the 2024 SEMICON China conference. The presentation will focus on current trends in the sensors and displays field, with a particular emphasis on OLED micro displays for the AR/VR market. The company will also present its recently announced dedicated process for micro display backplane. The conference will take place in Shanghai, China from March 20-22, 2024.
CustomersPartnersExpand
growth-negative
Tower Semiconductor's (NASDAQ:TSEM) Returns On Capital Not Reflecting Well On The Business
Tower Semiconductors return on capital employed (ROCE) has been decreasing over the last five years, from 9.8% to 7.6%, which is below the semiconductor industry average of 11%. This suggests that the company is losing its competitive advantage or market share, as it is investing more capital but generating lower returns. Despite these concerning fundamentals, the stock has performed strongly with a 97% return over the last five years, indicating investor optimism. However, the current underlying trends do not bode well for long-term performance.
Growth-Positive
Tower Semiconductor and Tianyi Micro Announce Strategic Cooperation in Development of Next Generation OLED Micro Displays for AR/VR
Tower Semiconductor and Tianyi Micro have announced a strategic partnership to develop next-generation OLED micro displays for AR/VR, addressing the growing Chinese and global market needs. The development is based on Tower’s unique 180nm and 65nm dedicated micro display backplane process flows. The micro display market is expected to grow from 24 million units in 2023 to almost 90 million units in 2028, a CAGR of 67%. Tianyi Micro is currently the sole provider in China of current-driven pixel designs and selected Tower as its key foundry partner for micro display backplane developments.
PartnersExpand
Growth-Positive
India Chip Strategy Makes Progress With $21 Billion in Proposals
The Indian government is evaluating $21 billion of semiconductor proposals, including a $9 billion plant proposal from Israels Tower Semiconductor and an $8 billion chip fabrication unit proposal from Indias Tata Group. Both projects would be located in Gujarat. Under Indias chipmaking incentive plan, the government would bear half the cost of any approved projects. The move is part of Indias push to become a global manufacturing hub and reduce reliance on expensive imports. Towers plan is to scale up a plant over a decade and eventually produce 80,000 silicon wafers per month. Tata is expected to partner with Taiwans Powerchip Semiconductor Manufacturing Corp. for its project.
InvestmentPartners
Growth-Positive
Tower Semiconductor to Present at APEC 2024 Highlighting Company’s Recent Developments in BCD Technology
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, announced its participation in the upcoming 2024 APEC conference. The company will highlight its advanced Power Management platform and recent technology developments. These developments address the emerging needs of various market applications including consumer, communications, EV, industrial, and computing. Mr. Erez Sarig, Director of Power Management Business Development & Marketing at Tower Semiconductor, will present the companys offerings for a sustainable world. The companys Bipolar-CMOS-DMOS (BCD) processes are used in state-of-the-art power management ICs for various applications.
CustomersPartners
Growth-Positive
Tower Semiconductor to Attend the Susquehanna Technology Conference in New York
Tower Semiconductors President, Dr. Marco Racanelli, is set to attend the Susquehanna Technology Conference on February 29, 2024. The conference will be held at the Lotte New York Palace Hotel, providing an opportunity for investors to meet one-on-one with the management. Tower Semiconductor is a leading foundry of high-value analog semiconductor solutions, with facilities in Israel, the U.S., Japan, Italy, and a capacity corridor in Intel’s New Mexico factory.
Management Changes
Growth-Positive
Why Tower Semiconductor Stock Is Jumping This Week
Tower Semiconductors share price increased by 15.2% following its Q4 earnings report. The company reported earnings per share of $0.55 on sales of $351.71 million, surpassing analyst estimates despite a decline in sales due to weaker demand in the automotive sector. The companys revenue declined by 12.8% YoY in Q4, with gross profit at $84 million, down from $87 million in the prior-year period. However, the companys forward guidance suggests potential improvement, with expected substantial sequential quarterly sales growth throughout 2024. The companys acquisition by Intel was previously scuttled due to lack of approval from Chinese regulators.
Acquired-by
Growth-Positive
Tower Semiconductor Full Year 2023 Earnings: In Line With Expectations
Tower Semiconductor has released its full year 2023 results, showing a revenue of US$1.42b, down 15% from FY 2022, and a net income of US$518.5m, up 96% from FY 2022. The profit margin was 36%, up from 16% in FY 2022, and EPS was US$4.70, up from US$2.42 in FY 2022. The companys revenue and EPS were in line with analyst estimates. Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US. The companys shares are up 12% from a week ago.
Customers
growth-positive
Tower Semiconductor Ltd.'s (NASDAQ:TSEM) Stock Is Going Strong: Is the Market Following Fundamentals?
Tower Semiconductors stock has increased by 18% over the past three months, reflecting the companys impressive performance. The companys return on equity (ROE) is 24%, higher than the industry average of 15%. This high ROE has contributed to the companys exceptional net income growth of 26% over the past five years. Tower Semiconductor does not currently pay any dividends, meaning all its profits are reinvested into the business. While the company has seen growth in its past earnings, analysts expect its future earnings to shrink.
Investment
growth-positive
Tower Semiconductor Ltd. (NASDAQ:TSEM) Q4 2023 Earnings Call Transcript
Tower Semiconductor Ltd. reported its Q4 2023 earnings, beating expectations with an EPS of $0.55 compared to the expected $0.54. The company reported an annual revenue of $1.42 billion, despite an industry-wide slowdown. The company also reported renewed demand across several key market segments. The companys CEO, Russell Ellwanger, discussed the companys strategic direction and growth outlook for 2024, mentioning the companys recovery from an earthquake in Japan that caused some damage to their facilities. The company is also planning to optimize its operations by consolidating its 6-inch activities into its 8-inch operations in Migdal, Mick Israel.
CustomersPartnersExpand
growth-positive
TSEM: Tower Projects Another Revenue Decline in Q1, But Sees Demand Picking Up Across Most Product Lines
Tower (NASDAQ:TSEM) reported a decline in quarterly revenue in Q4 2023 but expects improving demand in the second half of 2024. The company sees demand increasing across all sectors except for power ICs and 200mm, which are mainly sold to EV manufacturers, consumer products, and the industrial sector. The company is also expanding its capacity in RF SOI, including 200mm and 300mm. Despite the decline in demand for 200mm power ICs used in automotive, there is strong demand for 300 mm. The companys fab in Albuquerque is making progress and will begin prototyping in the second half of 2024 for production in 2025.
CustomersExpand
Growth-Negative
Tower Semiconductor's Q4 revenue drops on softening demand for auto chips
Israel-based contract chipmaker Tower Semiconductor reported a decline in its Q4 revenue, impacted by uncertainty in demand from the automotive sector. The companys revenue was $351.7 million for the three months ended Dec. 31, down more than 12% YoY. The company also suffered tool damage in its facilities in Hokuriku, Japan due to an earthquake, temporarily halting operations. Despite these challenges, Towers shares were up 8.1% at $30.95. The company also mentioned that Intel terminated its planned $5.4 billion acquisition of Tower in 2023, but a deal was signed for high capacity at an Intel-owned factory in New Mexico.
CustomersAcquisition
growth-negative
Tower Semiconductor Reports 2023 Fourth Quarter and Full Year Financial Results
Tower Semiconductor has reported its Q4 2023 and full-year results, revealing a decline in revenue and profit. Q4 revenue was $352 million, down from $358 million in Q3 and $403 million in Q4 2022. Gross profit for Q4 was $84 million, compared to $87 million in Q3 and $125 million in Q4 2022. The companys operating profit for Q4 was $45 million, a significant drop from the $362 million reported in Q3, which included $314 million from the termination of the Intel merger contract. The company also reported a net profit of $54 million for Q4, down from $342 million in Q3. The companys CEO, Russell Ellwanger, commented on the results, stating that the company is in the best position in its history, despite the unrealized merger deal.
CustomersManagement Changes
Growth-Negative
UPDATE 1-Tower Semiconductor's Q4 revenue drops on softening demand for auto chips
Tower Semiconductor, an Israel-based contract chipmaker, reported a decline in its Q4 revenue, affected by uncertainty in demand from the automotive sector. The companys revenue was $351.7 million for the three months ended Dec. 31, down more than 12% YoY. The company plans to phase out certain lower margin products. Despite an earthquake impacting its facilities in Japan, the company managed to beat profit and revenue estimates. The companys planned $5.4 billion acquisition by Intel was terminated in 2023, but a deal was signed for high capacity at an Intel-owned factory in New Mexico.
CustomersAcquisition
Tower Semiconductor submits $8B fab unit plan in India
Neutral
Tower Semiconductor Announces Fourth Quarter and Fiscal Year 2023 Financial Results and Conference Call
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, is set to issue its fourth quarter and fiscal year 2023 earnings release on February 14, 2024. The company will also hold a conference call to discuss its financial results and provide guidance for the first quarter of 2024. The call will be webcasted and can be accessed through the Investor Relations section on Tower Semiconductor’s website or by calling specified numbers. The teleconference will be available for replay for 90 days.
Public Trading
Growth-Positive
Tower Semiconductor Collaborates with Renesas to Manufacture SiGe-based Beamforming ICs for Tier-1 Customers in Satcom, 5G, and Aerospace & Defense Applications
Tower Semiconductor has announced a strategic collaboration with Renesas to manufacture SiGe-based beamforming ICs using Towers SiGe BiCMOS technology. This partnership is expected to position Renesas at the forefront of the industry, particularly in the rapidly growing Satcom terrestrial terminal market. The collaboration has already resulted in design wins by key worldwide players across 5G, satcom, and Aerospace & Defense markets. Renesas portfolio of beamforming products has achieved design wins by several strategic global customers including a tier 1 base station manufacturer, a tier 1 satellite broadband service provider, a major defense contractor, and an antenna supplier for a major aircraft manufacturer.
PartnersExpand
Growth-Positive
Tower Semiconductor Collaborates with Renesas to Manufacture SiGe-based Beamforming ICs for Tier-1 Customers in Satcom, 5G, and Aerospace & Defense Applications
Tower Semiconductor, a leader in high-value analog semiconductor foundry solutions, has announced a strategic collaboration with Renesas. The partnership will leverage Towers high-volume and high-performance SiGe BiCMOS technology to manufacture SiGe-based beamforming ICs. This collaboration is expected to position Renesas at the forefront of the industry, with its portfolio of beamforming products already achieving design wins by key worldwide players across 5G, satcom, and Aerospace & Defense markets. The Satcom terrestrial terminal market is expected to grow rapidly, reaching over 150 million users by 2031.
PartnersExpand
Growth-Positive
The 3 Best Semiconductor Stocks to Buy in January 2024
The article discusses the potential of investing in semiconductor stocks, particularly those that are currently undervalued and have significant relevance in various industries. It highlights three companies: Tower Semiconductor, SkyWater Technology, and Semtech. Tower Semiconductor, based in Israel, manufactures integrated circuits and is considered vital for various industries including automotive, medical, and industrial automation. SkyWater Technology, the only U.S.-owned, pure-play silicon foundry, offers geopolitical relevance. Semtech, a supplier of analog and mixed-signal semiconductors, provides various connectivity and signal conditioning applications. The article suggests that these companies could be compelling investment options given the projected growth in the semiconductor market.
Investment
Neutral
Tower Semiconductor Update Following Recent Earthquake in Japan
On January 2, 2024, Tower Semiconductor, a leader in high-value analog semiconductor foundry solutions, reported that its two Japanese manufacturing facilities were not significantly impacted by a recent earthquake in the neighboring Ishikawa Prefecture. The company confirmed that all employees are safe and there was no major damage to the buildings or operations. Minor damages to the facilities are being repaired efficiently to minimize any potential disruptions to manufacturing and customer service.
Customers
growth-positive
7 Compelling Tech Stocks to Snag From the Discount Bin
The article discusses seven tech stocks that are currently undervalued and could provide good investment opportunities. These include Gen Digital, a cybersecurity software and services provider; Concentrix, a business services company specializing in customer engagement and business performance; Ibex, a customer experience outsourcer; Tower Semiconductor, an integrated circuits manufacturer; United Microelectronics, a semiconductor foundry specialist; inTest, a supplier of test and process technology solutions; and SurgePays, a fintech firm aiming to deliver financial products to underbanked communities.
InvestmentCustomers
Not applicable
Tower Semiconductor reportedly submits application for wafer fab in India amid repeated challenges
The article discusses the option for subscribers to save their User ID and Password for easier access in future visits. However, using the log-out feature will erase this saved information, requiring them to log-in again during their next visit.
Not applicable
Growth-Positive
Tower Semiconductor to Present at the 26th Annual Needham Growth Conference in New York
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, announced that its President, Dr. Marco Racanelli, will present at the 26th Annual Needham Growth Conference. The conference will take place at the Lotte New York Palace Hotel in New York, with Tower Semiconductor scheduled to present at 3:45pm Eastern Time on Thursday, January 18, 2024. The presentation will be simultaneously webcast and accessible from the investor relations section of Tower Semiconductor’s website. There will also be an opportunity for investors to meet one-on-one with management.
Management Changes
Growth-Negative
The Cost of Doing Business With China? A $40,000 Dinner With Xi Jinping Might Be Just the Start
Broadcom CEO Hock Tan paid $40,000 to attend a dinner with Chinese leader Xi Jinping, hoping to gain approval for the companys $69 billion acquisition of VMware. The deal, first announced in May 2022, has been delayed three times due to Chinese regulators not clearing the U.S. chipmakers bid.
Acquisition
Neutral
15 Stocks George Soros Just Bought and Sold
This article discusses the investment strategy and recent portfolio changes of Soros Fund Management, the hedge fund founded by billionaire investor George Soros. The fund has sold off its stakes in several companies, including Microsoft Corporation, MongoDB, Inc., NVIDIA Corporation, Rocket Companies, Inc., and Tower Semiconductor Ltd. The fund also reduced its stakes in companies such as Alibaba Group Holding Limited and RenaissanceRe Holdings Ltd. The article notes that Soros Fund Managements investment strategy is based on principles such as reflexivity and gradually increasing positions on improving market trends.
Investment
growth-negative
7 F-Rated AI Stocks to Skip in November
The article discusses seven AI stocks that are currently underperforming and should be avoided by investors. These include Meta Materials, SolarEdge Technologies, MaxLinear, AXT, SunPower, Tower Semiconductor, and Aurora Mobile. The companies are facing various challenges such as poor financial performance, management issues, and layoffs. For instance, Meta Materials stock is down 92% this year and the company reported a net loss of $8.7 million for the third quarter. Similarly, SolarEdge Technologies earnings in the third quarter were a huge disappointment, with the company losing 55 cents per share for the quarter.
Management ChangesLayoffs
growth-negative
Intel Wanted to Buy This Stock, but Now It's on the Struggle Bus
Intel had to terminate its acquisition of contract chip manufacturer Tower Semiconductor a few months ago. Despite this, Tower Semiconductor is moving forward, recently revealing its long-term financial targets based on new investments made to expand its manufacturing capacity. This is the first update from Tower in two years, as it had stopped reporting during the acquisition talks with Intel, which is a common practice during acquisitions.
AcquisitionInvestment
growth-positive
Tower Semiconductor Ltd. (NASDAQ:TSEM) Q3 2023 Earnings Call Transcript
Tower Semiconductor Ltd. reported its Q3 2023 earnings, beating expectations with a reported EPS of $0.54 against expected $0.51. The companys revenue for the quarter was $358 million, down year-over-year due to challenging market conditions. However, the company noted its ability to quickly ramp up manufacturing to capitalize on a market rebound. For Q4 2023, the company expects revenue of $350 million, plus or minus 5%. The company also announced two strategic organizational changes, with Dr. Marco Racanelli promoted to serve as Towers President and Dr. Avi Strum promoted to be Towers Chief Technology Officer.
Management ChangesPartners
growth-positive
12 Tech Stocks with Low PE Ratios
The article discusses the performance of tech stocks in 2022 and 2023, highlighting the significant comeback of the tech sector in 2023 due to the generative artificial intelligence (AI) trend. It mentions that the tech-heavy NASDAQ was down 33.1% by the end of 2022 but has seen a 30.18% increase year-to-date in 2023. The article also provides a list of 12 tech stocks with low PE ratios, including Alphabet Inc., Meta Platforms, Inc., Apple, Amazon, Microsoft, Nvidia, Tesla, Nokia Oyj, United Microelectronics Corporation, PagSeguro Digital Ltd., ON Semiconductor Corporation, Concentrix Corporation, InterDigital, Inc., Belden Inc., Tower Semiconductor Ltd., Diodes Incorporated, and Sanmina Corporation.
CustomersPartnersInvestmentAcquisitionPublic TradingManagement ChangesLayoffsExpand
growth-negative
TSEM: Tower Projects Another Revenue Decline in Q4 as the Global Demand Remains Weaken
Tower (NASDAQ:TSEM) reported a decline in quarterly revenue in Q3 2023 due to weak demand. The company believes that customers’ inventories are at or below the previous steady-state levels and conditions could improve. It has not missed filling any customer orders due to the war in Israel and has multiple locations qualified for its lines should production need to be shifted. The company sees potential growth in satellite internet and data centers. Despite the weak demand, the companys stock may have hit a low as investors realize the company’s enterprise value after stripping away the cash.
Customers
Growth-Negative
Israel's Tower Semiconductor forecasts quarterly revenue decline, shares fall
Tower Semiconductor, an Israeli firm, has predicted a decrease in quarterly revenue as chip companies grapple with a supply surplus and work to correct inventory. The companys shares were down nearly 6% in premarket trading. The company, which primarily produces analog and mixed-signal semiconductors for the automotive industry, has forecasted a Q4 revenue of $350 million, a decrease of over 13% from the previous year. Intel had previously planned to acquire Tower Semiconductor for $5.4 billion, but the deal was terminated due to a lack of timely regulatory approval from China. Despite geopolitical tensions in the region, Tower has stated that it is positioned to continue seamless operations.
CustomersAcquired-byInvestment
growth-positive
Tower Semiconductor Reports 2023 Third Quarter Financial Results
Tower Semiconductor has reported its Q3 2023 results, highlighting a revenue of $358 million, compared to $357 million in Q2 2023. The company also reported a net profit of $342 million, including a $290 million net profit from the merger contract termination fee received from Intel. The company has entered into a capacity corridor agreement with Intel, enabling additional high-volume 12-inch capacity. The companys CEO, Russell Ellwanger, stated that the company has not missed a single customer commit during challenging times in Israel. The company guides revenue for Q4 2023 to be $350 million.
CustomersPartnersAcquired-by
growth-negative
7 De-Risked Tech Stocks to Pick Up for Cheap
The article discusses seven tech stocks that have experienced significant losses but may present investment opportunities due to their low prices. These include TD Synnex, which provides IT services and has been affected by mass layoffs in companies; Tower Semiconductor, an integrated circuits manufacturer based in Israel; Himax Technologies, a semiconductor manufacturer based in Taiwan; SolarEdge Technologies, a solar systems company; Block, a fintech firm formerly known as Square; Sonos, a developer and manufacturer of audio products; and Vizio, a television set manufacturer. The article suggests that these stocks may be de-risked and could potentially yield high returns for speculators.
LayoffsPublic Trading
Stem Announces Appointment of New Independent Director
growth-positive
7 Undervalued Stocks That Analysts Love Right Now
The article discusses seven companies that are currently undervalued according to analysts. These include PBF Energy, a petroleum refining and logistics firm; BioNTech, a biotechnology firm known for its partnership with Pfizer for the development of a Covid-19 vaccine; Adams Resources, a company engaged in the marketing of crude oil, natural gas, and liquid chemical products; Veracyte, a company that focuses on novel approaches in diagnostics; Tower Semiconductor, a manufacturer of integrated circuits; Healthcare Services, a company managing housekeeping, laundry dining, and nutritional services within the healthcare industry; and inTest, a global supplier of innovative test and process technology solutions. The article suggests that these companies may offer good investment opportunities.
Investment
Growth-Negative
Stem, Inc. (STEM) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release
Stem, Inc. is expected to report a year-over-year increase in earnings on higher revenues for the quarter ended September 2023. However, analysts have recently become bearish on the companys earnings prospects, resulting in an Earnings ESP of -11.11%. The companys stock may move higher if key numbers top expectations in the upcoming earnings report, expected to be released on November 2. Conversely, if they miss, the stock may move lower. The companys earnings picture will be influenced by how the actual results compare to these estimates and the discussion of business conditions on the earnings call.
Investment
growth-negative
7 F-Rated Stocks to Sell Before November
The article discusses seven companies that are rated F by Portfolio Grader, indicating they are stocks to sell. These include Icahn Enterprises, which has seen a significant drop in stock value and a slashed dividend; Illumina, which is dealing with a problematic acquisition and a significant stock drop; Dollar General, which has seen a nearly 60% drop in stock value; Tyson Foods, which is struggling with increased costs and weaker profit margins; Tower Semiconductor, which had a deal fall through with Intel; Victorias Secret, which is experiencing declining sales; and Paramount Global, which has seen a significant drop in stock value and a slashed dividend.
Management ChangesAcquisitionLayoffs
NineDot Energy Selects Stem’s Athena AI Platform for New York City Site
Growth-Positive
"הענקית ההודית רילייאנס מתכננת לרכוש את יצרנית השבבים טאואר"
Two months after Intels deal to acquire Tower Semiconductor was cancelled, Indian infrastructure giant Reliance, led by Mukesh Ambani, is reportedly planning to acquire the analog chip manufacturer. However, the acquisition talks are being delayed due to the war in Gaza. Towers CEO, Russell Ellwanger, recently met with Indian Minister for Entrepreneurship, Rajiv Chandra Shekhar, to discuss potential collaboration with India. Reliance, which operates in the fields of refining, oil, petrochemicals, textiles, and communications, is traded at a value of $186 billion. The company denied the news and Tower stated that it does not respond to rumors.
AcquisitionInvestment
Growth-Positive
Tower Semiconductor Announces Third Quarter 2023 Financial Results and Conference Call
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, will release its third quarter 2023 earnings on November 13, 2023. The company will also hold a conference call to discuss its financial results and provide guidance for the fourth quarter of 2023. The call will be webcasted and can be accessed through the Investor Relations section on Tower Semiconductor’s website or by calling specific numbers. The teleconference will be available for replay for 90 days.
Investment
growth-negative
Will Top-Line Decline Hinder Intel's (INTC) Q3 Earnings?
Intel Corporation is set to release its Q3 2023 results on October 26, 2023. The company is expected to report a year-over-year contraction in its top line due to increasing competition and geopolitical volatility. During the quarter, Intel announced the commencement of high-volume production of Intel 4 Technology in Ireland and the launch of glass substrates for chip packaging. It also signed an agreement with Tower Semiconductor and collaborated with Synopsys and Flapmax. Despite these developments, the company continues to face challenges such as market volatility, depleting customer inventory levels, and business uncertainties.
PartnersInvestment
growth-positive
Exclusive: Reliance likely to acquire Israel's Tower Semiconductor
Reliance Industries, led by Mukesh Ambani, is reportedly considering acquiring Israel-based Tower Semiconductor. This move could help Reliance expand into the chip ecosystem. The acquisition plans come after Intels failed attempt to acquire Tower Semiconductor for $5.4 billion due to regulatory disapproval. Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, has previously offered to assist India in building its semiconductor ecosystem. The companys annual revenue is likely to exceed $1 billion. Other major Indian business houses, including Tata, Vedanta, and Hiranandani group, are also looking to enter chip manufacturing.
Acquisition
Growth-Positive
Unveiling Tower Semiconductor (TSEM)'s Value: Is It Really Priced Right? A Comprehensive Guide
Despite recent losses, Tower Semiconductor Ltds stock is significantly undervalued, according to an in-depth valuation analysis. The companys fair value is estimated at $34.34, indicating that the stock is undervalued at its current price of $22.8 per share. The companys financial strength is strong, with a cash-to-debt ratio of 2.24 and an overall financial strength of 8 out of 10. The company has been profitable 8 over the past 10 years, with an operating margin of 17.87%. However, its growth ranks worse than 50.13% of 776 companies in the Semiconductors industry.
Neutral
Stem Announces Third Quarter 2023 Earnings Results Conference Call
Stem, Inc., a global leader in AI-driven clean energy software and services, will hold a conference call on November 2, 2023, to discuss its financial results for the quarter ended September 30, 2023. The call will be accessible via a live webcast or telephone. A replay will be available shortly after the call and can be accessed by dialing a specific number. The replay will be available until December 2, 2023. An archive of the webcast will also be available on Stem’s website for 12 months following the call.
Neutral
14 Best Depressed Stocks To Buy Now
Howard Marks, co-founder of Oaktree Capital, has shared his insights on investment strategy in a recent memo. He distinguishes between risk avoidance and risk control, arguing that smart investors are those who can take calculated risks. The article also lists 14 depressed stocks that have recently fallen to 52-week lows or are trading close to these values. These stocks, which include Amylyx Pharmaceuticals, Dollar Tree, and Tower Semiconductor, are considered good buys according to smart money investors.
None
After Intel's Failed Acquisition, Is Tower Semiconductor Stock a Buy?
growth-positive
13 Best Beaten Down Stocks To Buy Now
The article discusses the potential impact of the Federal Reserves two-day meeting on the US stock market and investment strategies. Experts from Ritholtz Wealth Management and Aureus Asset Management provide insights on the current market situation and suggest that companies with high earnings growth could be good investment options. The article also lists 13 beaten down stocks that have recently hit their 52-week lows but have proven their worth historically in terms of earnings growth and other fundamentals. These include Target Corporation, Bristol-Myers Squibb Company, Pfizer Inc., Macys, Inc., Incyte Corporation, Alnylam Pharmaceuticals, Inc., Dollar Tree, Inc., Tower Semiconductor Ltd., SolarEdge Technologies, Inc., and Illumina, Inc.
Investment
growth-positive
Stem Expands its India Center of Excellence
Stem, a global leader in AI-driven clean energy software and services, has announced a new office in Cyber Hub, Gurgaon, India. This office will serve as the companys global Center of Excellence and will help support customers worldwide. The company is investing in the region to drive operational excellence in areas such as software development, customer operations, data science, and technology. The new office can double its current capacity as Stem scales for future growth. Stem India has grown significantly over the past two years and now represents approximately 23% of the company’s global workforce.
InvestmentExpand
growth-positive
Semiconductor Market Share By Company: Top 12
The global semiconductor market is growing rapidly, with a projected value of $1.88 trillion by 2032. The Asia Pacific region is the dominant market, with top semiconductor companies in China, South Korea, Japan, and Taiwan. The semiconductor industry faced a massive shortage post-pandemic due to a drop in demand from the automotive industry and an upsurge in demand from the tech industry. Companies are employing various strategies to combat this shortage, including nurturing ecosystem capabilities through collaboration and investments. For example, Taiwan Semiconductor Manufacturing Company Limited is investing $100 million in the IPO of Arm Holdings Plc, and Intel Corporation has partnered with Tower Semiconductor Ltd., providing foundry services and receiving a $300 million investment in return.
InvestmentPartnersCustomers
Neutral
Federal Reserve Likely to Maintain Rates Amid Mixed Economic Indicators
The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve is expected to pause rate hikes in its meeting on September 19-20, 2023, keeping the rate at 5.25%-5.5%. This decision comes after a series of rate increases aimed at maximizing employment and maintaining inflation at around 2%. Recent data shows an unexpected increase in the unemployment rate and a sharp rise in consumer inflation. The outcome of the FOMC meeting could potentially impact capital markets and strengthen the U.S. dollar.
None
growth-positive
12 Best Affordable Tech Stocks To Buy Now
The article discusses the top 12 affordable technology stocks to buy now, highlighting the growth and potential of companies like NVIDIA Corporation, SAP SE, Oracle Corporation, and Apple Inc. It also mentions the impact of artificial intelligence on the technology sector and how it has boosted the shares and income statement of NVIDIA. The article also lists other affordable tech stocks like Tower Semiconductor Ltd., Gen Digital Inc., Silicon Motion Technology Corporation, PagSeguro Digital Ltd., STMicroelectronics N.V., Vishay Intertechnology, Inc., Daqo New Energy Corp., Sanmina Corporation, Amkor Technology, Inc., and Arrow Electronics, Inc.
Investment
growth-positive
Tower Semiconductor and Fortsense Introduce a Co-Developed Highly Advanced 3D Imager for LiDAR Applications
Tower Semiconductor and Fortsense have announced the successful development of an advanced 3D imager for LiDAR application based on dToF technology. The product, FL6031, is based on Tower’s 65nm Stacked BSI CIS platform with pixel level hybrid bonding and is the first in a series of products designed to address the needs of numerous depth sensing applications in the automotive, consumer, and industrial markets. The 3D imaging, sensors, and systems market is expected to grow at 13% CAGR reaching a $17B by 2028.
PartnersExpand
Tower Semiconductor and InnoLight Partner on Silicon Photonics-based Optical Transceivers - EE Times Asia
Growth-Positive
Exclusive-India's Reliance explores chipmaking foray, talking with potential partners -sources
Reliance Industries, owned by billionaire Mukesh Ambani, is reportedly considering a move into semiconductor manufacturing. The company has reportedly held preliminary discussions with foreign chipmakers about potential technology partnerships. The move is seen as a way for Reliance to address its supply chain needs and cater to increasing chip demand in India. The Indian government has projected that the domestic chip market will be worth $80 billion by 2028, up from $23 billion currently. Reliance has not yet made a final decision on whether to invest in the sector.
InvestmentPartners
growth-positive
Stem Introduces Athena® PowerBidder™ Pro for Bid Optimization in Wholesale Energy Markets
Stem, a global leader in AI-driven clean energy solutions, has announced its new Athena® PowerBidder™ Pro application. The application is designed to help energy professionals manage clean energy assets with confidence, control, and scalability. It offers AI-driven automated bid optimization workflows and a comprehensive suite of advanced real-time monitoring and control features. The application also allows users to fine-tune strategies, test scenarios, and explore alternative trading avenues. Stem will continue to offer its services to customers who need direct support in managing their assets.
CustomersExpand
Growth-Positive
Tower Semiconductor and InnoLight Partner to Develop Multi-Generation Silicon Photonics Based Optical Transceivers
Tower Semiconductor and InnoLight Technology have announced a collaboration to develop high-speed optical transceivers based on Towers Silicon Photonics process platform. The partnership aims to deliver solutions for the growing markets of AI, datacenters, and next-generation telecom networks. Production is already underway, and the silicon photonic die market is expected to grow at 22% CAGR, reaching nearly half-a-billion dollars by 2027. InnoLight has launched multiple 400G and 800G products based on the PH18M SiPho platform.
PartnersExpand
growth-positive
Intel (INTC) Partners Tower to Boost Semiconductor Ecosystem
Intel Corporation and Tower Semiconductor Ltd. have signed a partnership agreement that will significantly impact the semiconductor ecosystem. Tower will use Intels advanced manufacturing facility in New Mexico, with an investment of up to $300 million in equipment and assets. This move aligns with both companies strategies to expand their foundry footprints and offer advanced solutions at scale. The partnership will allow Tower to scale and form customer partnerships in 300mm technologies, particularly in its 65nm BCD power management and RF SOI technologies. The partnership will also give Tower access to Intels global factory network.
PartnersInvestmentExpand
Growth-Positive
Constellation Brands upgraded, Block downgraded: Wall Street's top analyst calls
The article discusses various research calls made by Wall Street firms. TD Cowen upgraded Constellation Brands, Morgan Stanley upgraded First Solar, Argus upgraded Chewy, Needham upgraded ResMed, and KeyBanc upgraded Celanese. On the other hand, UBS downgraded Block, Goldman Sachs downgraded Olin, Citi downgraded Kinetik Holdings and Plains All American, and Morgan Stanley downgraded Stem. William Blair initiated coverage of Trade Desk, Morgan Stanley initiated coverage of Penumbra, Citi resumed coverage of Thermo Fisher, Baird initiated coverage of Lucid Group, and Raymond James initiated coverage of FICO.
Investment
growth-negative
Intel Foundry Teams Up With Tower Semiconductor After Failed Acquisition
Intels planned acquisition of Tower Semiconductor has fallen through. Despite the termination of the acquisition, Intel and Tower have found another way to deepen their relationship. Intel will pay Tower a $353 million termination fee. The acquisition would have added a range of specialty technologies to Intels own foundry business, a key part of the companys turnaround efforts.
Acquisition
Growth-Positive
Intel Foundry Services and Tower Semiconductor Announce New US Foundry Agreement
Intel Foundry Services (IFS) and Tower Semiconductor have announced a partnership where Intel will provide foundry services and 300mm manufacturing capacity to help Tower serve its customers globally. Tower will utilize Intel’s advanced manufacturing facility in New Mexico and invest up to $300 million to acquire and own equipment and other fixed assets to be installed in the facility. This will provide a new capacity corridor of over 600,000 photo layers per month for Tower’s future growth, enabling capacity to support forecasted customer demand for 300mm advanced analog processing.
PartnersInvestmentExpand
growth-positive
Intel to offer foundry services to Tower Semiconductor after acquisition deal falls through
Intel has announced a partnership with Tower Semiconductor, which will see the Israeli chipmaker invest $300 million in Intels New Mexico factory. This comes after both companies abandoned their plans to merge due to lack of approval from Chinese regulators. Under the new agreement, Tower will acquire equipment and assets at the Rio Rancho fabrication unit, increasing its production capacity. The deal will also boost Intels foundry capacity as it competes with industry leaders like Taiwan Semiconductor Manufacturing Co.
PartnersInvestment
growth-positive
Tower Semiconductor and TriEye Deliver Revolutionary CMOS-based SWIR Sensors for the Automotive ADAS Market
Tower Semiconductor and TriEye have announced the release of a breakthrough SWIR sensor for the automotive ADAS and industrial markets. The sensor demonstrates unparalleled performance with a 1.3Mp 7um pixel array and utilizes Towers advanced BSI Germanium photo-diodes on silicon. TriEyes SWIR CMOS-based solution provides high performance at low cost, making it suitable for mass markets. The short-wave infrared sensor market is expected to grow at 44% CAGR reaching $2.9 billion by 2028. Tower Semiconductor and TriEye have been working closely on the development of the sensor, and Tower Semiconductor will be the partner for the development and manufacturing of TriEyes CMOS-based SWIR sensing solutions.
CustomersPartners
growth-positive
Stem to Participate in 2023 Barclays CEO Energy-Power Conference
Stem, a global leader in AI-driven clean energy software and services, announced that its management team will participate in a fireside chat at the 2023 Barclays CEO Energy-Power Conference in New York. The chat will be available via live webcast on Stem’s investor relations website. Stem provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Its AI-driven enterprise software platform, Athena, enables organizations to deploy and unlock value from clean energy assets at scale.
Management Changes
growth-positive
Stem’s Athena® Named a 2023 Sustainability Product of the Year by Business Intelligence Group
Stem, a global leader in AI-driven clean energy solutions, announced that its Athena platform has been named a Sustainability Product of the Year by the Business Intelligence Group. The platform helps organizations increase the adoption of renewable energy assets and progress towards their decarbonization goals. Athena uses advanced AI and machine learning algorithms to analyze data inputs from solar, storage, and electric vehicle infrastructure assets against external factors. The platform has helped customers generate strong returns on renewable energy assets in multiple markets over multiple years.
CustomersPartners
growth-negative
18 Best 52-Week Low Stocks To Buy Now
The article discusses the current state of the US stock market, which is jittery due to high inflation and bad news from China. The Federal Reserve is trying to keep inflation under control, but there are warnings that the economy is not out of the woods yet. The Chinese government is trying to stop the rout that is crushing Chinese stocks and assets. The article also lists 18 stocks that have recently hit 52-week lows and are considered good buys according to hedge fund investors.
Investment
growth-positive
5 big deal reports: US Steel bidding war heats up; ArcelorMittal weighing an offer
ArcelorMittal is considering making an offer to acquire United States Steel. This could spark a bidding war as other companies have shown interest in acquiring US Steel. Intel and Tower Semiconductor have terminated their acquisition deal. Arena Group has announced a strategic expansion with Bridge Media Networks. Energy Transfer has agreed to acquire Crestwood Equity in an all-equity transaction. Ball is selling its aerospace business to BAE Systems.
Acquisition
growth-negative
Intel CEO: 'Disappointed' Tower deal had to be scrapped
Intel has scrapped its acquisition of Tower Semiconductor after Chinese regulators failed to approve the deal. Intel CEO Pat Gelsinger expressed disappointment and stated that the deal would have accelerated the companys ambitions to be a foundry. However, Gelsinger will now have to find other ways to drive the agenda as major technology acquisitions are unlikely to receive regulatory approval. The article discusses the impact of geopolitical tensions on M&A in the technology industry and the negative implications it has on innovation. The event described in the article occurred recently.
Acquisition
growth-negative
Why Tower Semiconductor Fell This Week
Tower Semiconductors shares fell 11.3% after the termination of its pending acquisition by Intel due to the lack of approval from Chinese authorities. Despite the termination fee of $353 million, the stock dropped as Intel had offered a substantial premium of $54 per share. The termination impacted the companys growth negatively.
Acquisition
Growth-Positive
Adobe upgraded, BorgWarner downgraded: Wall Street's top analyst calls
Several companies have been upgraded and downgraded by top Wall Street analysts. Adobe was upgraded by BofA to Buy from Neutral with a price target of $630, up from $575. Coherent, Alcon, Hexcel, and Tower Semiconductor were also upgraded by various firms. On the other hand, BorgWarner was downgraded by Nomura to Neutral from Buy with a price target of $44, down from $60. Advent Technologies, SL Green Realty, Invitation Homes, and 22nd Century were also downgraded. New coverage was initiated for BeiGene, AppFolio, Landstar System, Lennox, and Commvault Systems.
CustomersPartners
growth-positive
Tower Semiconductor Announces Investor and Analyst Conference Call
Tower Semiconductor announced that it will hold an Investor and Analyst conference call to discuss business, technology focus, and growth drivers. The call will be webcasted and can be accessed through the companys website or by phone. Tower Semiconductor is a leading foundry of high value analog semiconductor solutions and provides technology and manufacturing platforms for integrated circuits in various markets. The company focuses on creating positive and sustainable impact through long-term partnerships and its advanced analog technology offering. Tower Semiconductor owns manufacturing facilities in Israel, the U.S., Japan, and is establishing a facility in Italy. The companys Investor Relations contact is Noit Levy.
InvestmentManagement Changes
growth-negative
Intel Shows Why Global Chip M&A Is Off the Table
Intel terminates a deal and faces risks in becoming a maker of chips designed by others. Chinese customers account for 27% of its total revenue. Intel is also pressing on with its own foundry plans.
CustomersPartners
Growth-Negative
Intel's $5.4 Billion Bid for Tower Semiconductor Just Fell Through Thanks to Regulators. Is Either Stock a Buy?
Intels $5.4 billion bid to acquire Tower Semiconductor has been blocked by regulators in China. The article discusses the implications of this failed acquisition for both companies and their investors.
Acquisition
growth-negative
Intel Can Succeed Without the Tower Semiconductor Acquisition
Intel terminated its acquisition of Tower Semiconductor and will pay a $353 million termination fee. The end of the deal is a blow to Intels foundry ambitions.
Acquisition
growth-negative
Should Intel Stock Investors Be Worried About Failed Tower Semiconductor Acquisition?
The article discusses the failed acquisition between Intel and Tower Semiconductor and its potential impact on Intels manufacturing plans.
Acquisition
growth-negative
China derails $5.4bn Intel takeover as tensions rise with the West
Intels planned $5.4bn takeover of Tower Semiconductor has been called off due to the companys inability to obtain regulatory approvals from China. The deals failure is seen as a setback for Intels foundry efforts. Intel will now have to pay a termination fee of $353m to Tower Semiconductor. The strained geopolitical tensions between China and the US have been cited as the reason for the deals cancellation.
AcquisitionPartners
growth-positive
These Stocks Are Moving the Most Today: Target, DLocal, Coherent, VinFast, H&R Block, Progressive, and More
Target stock rises after beating profit estimates. DLocal surges after naming a co-CEO. Coherent issues a weaker-than-expected forecast. Progressive stock is the S&P 500s top performer on Wednesday.
Public Trading
growth-negative
A $5.4 billion international chip deal with Intel is off after greenlight from China never arrives
Intels $5.4 billion acquisition of Israeli chip manufacturer Tower Semiconductor has been called off due to Chinas failure to approve the deal. The termination was a mutual decision between Intel and Tower Semiconductor. The deal required approval from regulators worldwide, including China, but Chinese regulators failed to approve the deal by the deadline. The failure to obtain regulatory approvals is attributed to rising tensions between the United States and China, with the U.S. imposing export controls and restrictions on Chinas ability to purchase and manufacture advanced chips. Intel will pay Tower a termination fee of $353 million.
Acquisition
growth-negative
Intel Drops $5.4 Billion Deal for Tower Semiconductor Amid China Holdup. It’s a Blow to Chip Strategy.
Intel has dropped a $5.4 billion deal for Tower Semiconductor due to delays in regulatory approval. This setback is a blow to Intels plans to ramp up its semiconductor-making business.
Acquisition
growth-negative
Intel Terminates $5.4 Billion Deal To Buy Tower Semiconductor
Intel terminated a $5.4 billion deal to buy Tower Semiconductor after failing to secure timely regulatory approval from China.
Acquisition
growth-negative
דיווח: אינטל תבטל את עסקת הענק לרכישת טאואר הישראלית
Intel is expected to cancel its acquisition of Israeli company Teva due to a lack of approval from Chinese regulators. The deal was valued at $5.4 billion, and Intel is expected to pay a cancellation fee of $353 million. Teva specializes in the production of analog chips and the deal was intended to increase Intels manufacturing capabilities. However, the deal has been delayed multiple times and Tevas stock price has fallen below the acquisition price, leading analysts to believe it will not be completed.
Acquisition
growth-negative
Hedge Funds Dump Intel While Snapping Up Rivals
Hedge funds have been selling shares of Intel Corp, indicating a negative sentiment towards the company. Intel has faced challenges in its turnaround plan and recently terminated a $5.4 billion deal to acquire Tower Semiconductor Ltd. The company has struggled to compete in the artificial intelligence computing market, which is dominated by rival Nvidia Corp. Despite some signs of progress, Intels stock performance lags behind other chipmakers. Investors may be inclined to look elsewhere if Intels turnaround takes too long.
InvestmentAcquisition
growth-negative
Intel Drops $5.4 Billion Deal After China Holds Up Approval
Intel Corp. has abandoned its attempt to acquire Tower Semiconductor Ltd. in a $5.4 billion deal after failing to win Chinese regulatory approval in time. The deal was the keystone of Intel CEO Pat Gelsingers plan to enter the faster-growing foundry market. Rising tensions between China and the US have made it increasingly difficult to secure approval for transactions involving semiconductors. The failure of the deal is seen as a setback for Intels foundry efforts. Intel will pay Tower a termination fee of $353 million.
Acquisition
growth-negative
Intel shares lower after scrapping $5.4 billion Tower Semiconductor deal
Intel has formally scrapped plans to buy Tower Semiconductor, resulting in a growth-negative impact on the company.
Acquisition
growth-negative
Intel, Tower scrap $5.4B deal after failing to gain regulator approval
Intel is ending its $5.4 billion deal to buy Tower Semiconductor after failing to get Chinese regulatory approval. As part of the deals termination, Intel will pay Tower a $353 million fee.
PartnersInvestment
growth-negative
TSEM: Tower Semiconductor adds $353 million in cash from breaking up with Intel
The acquisition of Tower by Intel has been terminated, resulting in a growth-negative impact on the company. Tower will receive a $353 million cash breakup fee from Intel. Towers balance sheet will be strengthened with the additional cash, bringing its total cash, short-term deposits, and marketable securities to over $1.27 billion. The company had a debt of $220 million as of June 30th. Towers future plans and further insights into capacity utilization and segment performance will be provided in a catch-up call with analysts. The article also mentions the possibility of Tower generating interest income by investing the new cash. The date of the event described in the article is not provided.
Acquisition
growth-negative
Intel, Tower Semiconductor cancel $5.4B merger deal
Intel and Tower Semiconductor have canceled their $5.4B merger deal due to difficulties in obtaining approval from Chinese regulators.
Acquisition
growth-negative
Chip War with China Escalates After Intel-Tower Merger Falls Apart
Chinas chip war with the U.S. escalates after the Intel-Tower merger falls apart. The article highlights the need for American policy makers to react accordingly.
PartnersAcquisition
growth-negative
Why Tower Semiconductor Stock Is Sinking Today
Tower Semiconductor stock is losing ground as Intel cancels the $5.4 billion acquisition attempt.
Acquisition
growth-negative
Why Intel Stock Wilted on Wednesday
Intel stock declined after the companys failed acquisition deal with an Israel-based peer due to regulatory approval issues in China.
Acquisition
growth-negative
The Fed’s on the Right Path. Look at the Rest of the World.
Intel has dropped its $5.4 billion Tower Semiconductor deal due to a delay in China, which has a negative impact on the companys growth. The key theme of the article is the cancellation of the deal. The key issues discussed in the article are partners and investment. The article does not mention any specific partners or customers. The article does not provide any information about the company valuation or acquisition amount. The article does not mention any layoffs or investment amount. The date of the event described in the article is not provided. My confidence in this answer is 7 out of 10.
Partners
growth-negative
Intel drops multibillion-dollar deal to buy Israeli chipmaker Tower Semiconductor
Intel Corp. is reversing course on a $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor after their merger agreement expired without China giving regulatory approval. Intel will pay a $353 million termination fee instead. The decision comes amid a strained relationship between the United States and China. Intel CEO Pat Gelsinger has been trying to get the deal approved by Chinese regulators. Chip demand for Intel has been down after two years of growth powered by remote work during the pandemic. In June, Intel announced a $25 billion investment in a new factory in Israel.
Acquisition
growth-negative
Market prices high chance of Intel-Tower deal collapsing
US chip giant Intels acquisition of Tower Semiconductor Ltd. is facing potential delays, with the deadline for completion set for August 15, 2023. The deal, valued at $5.4 billion, can be cancelled by either party if not completed by the deadline, with Intel required to pay $353 million in compensation to Tower if it pulls out. The acquisition is part of Intels strategy to become a chip manufacturer for third parties. However, the Chinese regulator has not yet approved the deal. Tower is currently traded on Nasdaq and the Tel Aviv Stock Exchange at a market cap of $4.1 billion.
Acquisition
Growth-Positive
Is Tower Semiconductor Stock a Buy Ahead of an Intel Acquisition Announcement?
Intel has announced its intention to acquire Israeli chip foundry, Tower Semiconductor. The acquisition, which was announced in February 2022, is currently awaiting regulatory approval from Chinas State Administration for Market Regulation. The deal was expected to close by June 2023, but it has been delayed. Both companies are currently in the midst of earnings season, with financial updates being released.
Acquisition
growth-positive
Stem Announces Second Quarter 2023 Results
Stem, Inc., a global leader in AI-driven clean energy solutions, has reported its financial results for Q2 2023, showing a revenue of $93.0 million, up 39% from Q2 2022. The company also reported a net income of $19.1 million, a significant improvement from the net loss of $32.0 million in Q2 2022. Stems contracted backlog reached a record $1.36 billion at the end of Q2 2023, up 88% from the end of Q2 2022. The company also highlighted its 313 MWh battery storage system award from Ameresco and a 304 MW project award in Hungary.
Investment
Israeli chipmaker Tower beats revenue estimates on demand from automakers
Growth-Negative
Tower Semiconductor Reports 2023 Second Quarter Financial Results
Tower Semiconductor reported its Q2 2023 results, showing a decline in revenue and gross profit compared to the same period in 2022. The companys revenue for Q2 2023 was $357 million, compared to $426 million in Q2 2022. Gross profit for Q2 2023 was $87 million, compared to $112 million in Q2 2022. Operating profit for Q2 2023 was $51 million, compared to $71 million in Q2 2022. The company also repaid $10 million of its debt in Q2 2023. The company did not provide revenue guidance for Q3 2023 due to its definitive agreement with Intel Corporation.
CustomersManagement Changes
Neutral
TSEM: No News On Acquisition Approval From Tower Semiconductor as it Reported Q2
Tower Semiconductor reported Q2 2023 earnings and gave no update on the acquisition by Intel. The agreement is in place through August 15th, after which the companies can extend, renegotiate, or terminate the agreement. If terminated, Tower will receive $353 million from Intel. Q2 2023 revenues were $357 million, down 16% YoY due to the shutdown of the Aral manufacturing factory in Japan. Gross margin decreased to 24.2% from 26.4% a year ago. GAAP net income was $48.7 million versus $58.1 million last year. The company is no longer providing guidance or hosting earnings calls.
Acquisition
Growth-Positive
Why Tower Semiconductor Stock Is Climbing Today
Shares of Tower Semiconductor, which is set to be sold to Intel, are rising in Wednesdays trading. The company released its second quarter results before the market opened, surpassing Wall Streets expectations in terms of sales and earnings.
Acquired-by
growth-positive
Stem’s Athena® Receives 2023 Top Product of the Year Award from Environment + Energy Leader
Stem, a global leader in AI-driven clean energy software and services, announced that its Athena platform has received the Top Product of the Year Award in the Environment + Energy Leader Awards program. The program commends excellence in products and projects that deliver significant energy and environmental benefits. Athena enables organizations to deploy and unlock value from clean energy assets at scale. Athena’s advanced AI and machine learning continuously analyze hundreds of real-time data features from solar, storage, and electric vehicle infrastructure assets against external factors like weather, utility rates, power market prices, and grid constraints.
Customers
Growth-Positive
Tower Semiconductor Announces its 2023 Annual Technical Global Symposium
Tower Semiconductor, a leader in high-value analog semiconductor foundry solutions, has announced its annual Technical Global Symposium for 2023. The event will take place in-person in three locations worldwide – USA, Europe, and China. During the event, the company will present recent technology developments and future roadmap of its premier analog technology solutions focusing on sustainability, green energy, and AI / intelligent driven applications in a broad range of markets. The conferences will feature a keynote session by Tower’s CEO, Mr. Russell Ellwanger, and detailed technology sessions by the companys experts.
CustomersExpand
growth-positive
Why These 7 Stocks Are the Best Ways to Play Tech Right Now
The article discusses the potential of various tech stocks including Nvidia, TD Synnex, LSI Industries, DHI Group, Tower Semiconductor, Magic Software, Concentrix, and KVH Industries. While Nvidias shares have skyrocketed due to its AI initiatives, concerns about overvaluation have been raised. Other companies like TD Synnex and LSI Industries are considered undervalued and may offer high returns. DHI Group, despite a nearly 29% drop in shares, is noted for its growth. Tower Semiconductor and Magic Software, both based in Israel, are also highlighted for their potential. Concentrix and KVH Industries, despite recent losses, are considered worthwhile for contrarian investors.
Investment
Neutral
Stem Announces Second Quarter 2023 Earnings Results Conference Call
Stem, Inc., a global leader in AI-driven clean energy software and services, will hold a conference call on August 3, 2023, to discuss its financial results for the quarter ended June 30, 2023. The conference call will be accessible via a live webcast or by telephone. A replay will be available shortly after the call and an archive of the webcast will be available on Stem’s website for twelve months following the call.
Neutral
Tower Semiconductor Announces Second Quarter 2023 Earnings Release Date
Tower Semiconductor, a leading foundry of high-value analog semiconductor solutions, announced that it will release its second quarter 2023 earnings on July 26, 2023. However, due to the previously announced transaction with Intel, the company will not provide guidance for the third quarter of 2023 and will not host an earnings conference call. Tower Semiconductor operates multiple manufacturing facilities in Israel, the U.S., Japan, and Italy, the latter of which is shared with ST Microelectronics.
Partners
growth-positive
The 7 Best Semiconductor Stocks to Buy in July
The article discusses the potential of investing in semiconductor stocks in July, highlighting seven companies: Photronics, Diodes, Tower Semiconductor, STMicroelectronics, Taiwan Semiconductor, Lattice Semiconductor, and Vishay Intertechnology. The global semiconductor market reached a valuation of $591.8 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 12.28% from 2023 to 2032, potentially reaching over $1.88 trillion. The article suggests that investing in semiconductor stocks could be profitable due to the increasing demand for advanced chips in various sectors, including artificial intelligence.
Investment
57% of Surveyed Fortune 1000 C-suite Plan to Increase Sustainability Investments Despite Economic Uncertainties, Stem Survey Reveals
growth-positive
Tesla Leads Surge in Battered Clean-Energy Stocks
Teslas surging stock rally is benefiting clean-energy stocks, providing relief to investors and startups affected by interest rates and supply-chain disruptions. Teslas shares have increased by almost 35% since mid-May, resulting in a market value gain of nearly $200 billion. Investors are optimistic that the Federal Reserve will soon conclude its interest rate hikes, making the growth potential of Tesla and other clean-energy startups more attractive.
Investment
Stem’s Athena® Named "Best Predictive Analytics Platform" by AI Breakthrough
growth-negative
RPT-ISMC's India chip plan stalls after Tower-Intel deal in setback to Modi
A planned $3 billion semiconductor facility in India by chip consortium ISMC has been stalled due to Intels ongoing takeover of Israeli chipmaker Tower. A $19.5 billion plan to build chips locally by a joint venture between Vedanta and Foxconn is also proceeding slowly as talks to rope in European chipmaker STMicroelectronics as a partner are deadlocked. These setbacks are a major setback to Prime Minister Narendra Modis chipmaking ambitions for India. The challenges faced by ISMC and Vedanta-Foxconn deal a blow to Indias goal of becoming a chipmaking hub.
PartnersInvestment
growth-negative
UPDATE 2-Modi's chip making plan flounders as firms struggle to find tech partners
Big companies, including a Foxconn joint venture, are struggling to move forward with their plans to build semiconductor facilities in India due to the lack of a technology partner. This is a setback for Prime Minister Narendra Modis chipmaking ambitions. A $3 billion semiconductor facility planned by chip consortium ISMC has been stalled due to Israeli chipmaker Towers ongoing takeover by Intel. Additionally, a $19.5 billion plan by a joint venture between Vedanta and Foxconn is proceeding slowly as talks with European chipmaker STMicroelectronics as a partner are deadlocked. Indias IT ministry has announced that it will start re-inviting applications for chipmaking incentives to revive investor interest.
PartnersInvestment
Stem to Participate in TD Cowen Sustainability Week Conference
growth-negative
ISMC's India chip plan stalls after Tower-Intel deal in setback to Modi
A planned $3 billion semiconductor facility in India by chip consortium ISMC has been stalled due to Intels ongoing takeover of Israeli chipmaker Tower. A $19.5 billion plan to build chips locally by a joint venture between Indias Vedanta and Taiwans Foxconn is also proceeding slowly as talks to rope in European chipmaker STMicroelectronics as a partner are deadlocked. These challenges deal a major setback to Prime Minister Narendra Modis chipmaking plans. India expects its semiconductor market to be worth $63 billion by 2026. The ISMC consortiums plans are on hold as Tower remains under review after being acquired by Intel. The Vedanta-Foxconn JV is struggling to tie up with a technology partner.
PartnersInvestment
growth-negative
Modi's chip making plan flounders as firms struggle to find tech partners
Big companies, including a Foxconn joint venture, are struggling to secure a technology partner for Indias $10 billion semiconductor incentives, hindering Prime Minister Narendra Modis chipmaking ambitions. The planned $3 billion semiconductor facility by chip consortium ISMC has been stalled due to Israeli chipmaker Towers ongoing takeover by Intel. Additionally, the $19.5 billion plan by the Vedanta-Foxconn joint venture to build chips locally is facing difficulties in securing European chipmaker STMicroelectronics as a partner. These setbacks are a major obstacle to Indias goal of becoming a major player in chip manufacturing.
Partners
growth-positive
Goldman Sachs Says Small-Cap Stocks Are Attractively Valued at Current Levels; Here Are 2 Names the Banking Giant Likes
Goldman Sachs asset manager Luke Barrs believes that small-cap stocks are an attractive investment choice despite the risks and poor sentiment in the market. The top stock analysts at Goldman Sachs have been recommending buying into small-cap stocks with market caps below $1 billion that have underperformed this year. The article highlights two stocks, Stem, Inc. and Xometry, Inc., that have fallen in value but have potential for growth. Stem is a leader in the clean energy industry, using AI to optimize renewable power and energy storage solutions. Xometry uses AI to power its on-demand parts supply and manufacturing marketplace. Both companies have reported positive Q1 results and have growth potential. Stems shares have fallen 56% year-to-date, while Xometrys stock is down more than 46%. Goldman Sachs analysts have a positive outlook on both stocks.
Investment
growth-positive
Hapoalim: Tower won't be hurt if Intel deal canceled
Intel Corp. is acquiring Israeli chipmaker Tower Semiconductor Ltd. The deal, which is awaiting approval from the Chinese regulator, is expected to be completed by August 2023. Tower Semiconductor continues to publish financial reports but does not conduct conference calls with analysts or issue guidance. Tower Semiconductors first-quarter results for 2023 exceeded market expectations, causing a 1.5% increase in its share price. The current share price is $41, while the acquisition price by Intel is $53, representing a 23% premium. Bank Hapoalim analyst Shay Zigelman believes there is a higher chance of the deal being completed, offering a potential upside of 30% in value by mid-August. Tower Semiconductor reported a 16% decrease in revenue but a 46% increase in net profit for the first quarter of 2023.
Acquisition
growth-negative
Tower Semiconductor Reports 2023 First Quarter Financial Results
Tower Semiconductor reported its Q1 2023 results, revealing a decline in revenue from $421 million in Q1 2022 and $403 million in Q4 2022 to $356 million. The companys gross profit also decreased from $105 million in Q1 2022 and $125 million in Q4 2022 to $96 million in Q1 2023. However, the operating profit increased from $63 million in Q1 2022 to $89 million in Q1 2023, largely due to income from the restructuring of the companys Japan operations. The company also mentioned its definitive agreement with Intel Corporation but did not provide revenue guidance for Q2 2023.
Customers
growth-negative
TSEM: Q1 2023 Revenue Slightly Better Than Expected While Earnings Benefit from a One-Time Gain
Tower Semiconductor reported a decline in total revenues for Q1 2023 compared to the previous year. The company did not provide guidance or host earnings calls, indicating that this could be its last reported quarter. Revenues were impacted by the closure of the Aral manufacturing factory in Japan, resulting in low-margin revenues. Tower Semiconductor saw a build-up in inventory and expects revenues to continue weaker than expected for the rest of the year. Gross margin increased due to the elimination of low-margin revenues from the closure of the Japanese fab. The company reported a one-time gain from the sale of equipment and machinery. Tower Semiconductor is waiting for regulatory approval from China for a deal to close, which could impact future quarters.
CustomersInvestment
growth-negative
Chinese regulator delaying Intel-Tower deal
Intels $5.4 billion acquisition of Israels Tower Semiconductor is facing delays due to the US-China chip war. The completion of the deal is being delayed as the Chinese regulators approval is uncertain. Intel has two months left to receive Chinese approval. The Chinese regulator suspended talks in December, causing Towers share price to fall. Intels CEO Pat Gelsinger visited China to discuss supply chain stability in the chip industry. The Chinese market accounted for 27% of Intels revenue last year. Investors are optimistic that the deal will be completed. If the deal is canceled, Intel would be required to pay Tower a $353 million fine and lose several percent of its value. Tower would lose 25% of its value in such a scenario.
Acquisition
growth-negative
Earnings Preview: Stem, Inc. (STEM) Q1 Earnings Expected to Decline
Stem, Inc. is expected to report a year-over-year decline in earnings for the quarter ended March 2023. The consensus estimate is a quarterly loss of $0.24 per share, with revenues expected to be $60.1 million, up 46.3% from the year-ago quarter. The companys earnings report, set to be released on May 4, 2023, will likely impact the stock price. Analysts have revised their EPS estimate higher over the last 30 days. The Zacks Earnings ESP, which compares the Most Accurate Estimate to the Consensus Estimate, currently indicates a negative deviation. Stem, Inc. has not been able to beat consensus EPS estimates in the past four quarters. While an earnings beat or miss may not be the sole factor for stock movement, it is worth considering the companys Earnings ESP and Zacks Rank before making investment decisions.
Public Trading
growth-positive
Sysco Unveils First Electric Vehicle Hub, Advancing Its Industry Leading Climate Change Commitment
Sysco Corporation has unveiled its vision for the Riverside Electric Vehicle Hub, which will transform the company’s distribution center into the focal point of its electrified fleet. The Riverside project is a foundational step toward Sysco’s goal to reduce its direct emissions by 27.5% and add 2,800 electric trucks to its U.S. fleet by 2030. The facility’s currently planned EV infrastructure will include 40 dual port DC fast-charging stations, 40 Electric, Class-8 vehicles, and 40 electric refrigerated trailers. The Riverside site will also feature 4 MWh of battery storage and will increase its solar power generation by an additional 1.5 MW.
InvestmentExpandPartners
Tower Semiconductor Announces First Quarter 2023 Earnings Release Date
Stem Announces First Quarter 2023 Earnings Results Conference Call
China’s New Tech Weapon: Dragging Its Feet on Global Merger Approvals
growth-positive
Buy These Clean Energy Stocks, Morgan Stanley Says, Forecasting Over 100% Upside
Morgan Stanleys Andrew Percoco has identified two clean energy stocks, Stem, Inc. and Sunnova Energy International, as having potential for 100% upside. Stem combines renewable power and energy storage with artificial intelligence, and its Athena platform is used in over 200,000 solar sites. Sunnova Energy operates in the solar power field, providing every aspect of the solar installation process. Both companies have been rated as Strong Buys by the analyst consensus.
CustomersInvestment
Stem, Inc. Announces Pricing of Upsized Offering of $200 Million 4.25% Green Convertible Senior Notes Due 2030
growth-positive
Stem, Inc. Announces Proposed $175 Million Green Convertible Senior Notes Offering
Stem, Inc. has announced its intention to offer $175 million aggregate principal amount of green Convertible Senior Notes due 2030 in a private offering to qualified institutional buyers. The company also plans to grant the initial purchasers of the Notes an option to purchase up to an additional $35 million aggregate principal amount of the Notes. The net proceeds of the Offering will be used to purchase and surrender for cancellation a portion of Stems 0.50% Green Convertible Senior Notes due 2028, to fund the cost of entering into the capped call transactions, and for general corporate purposes.
Investment
Wood Mackenzie Recognizes Stem as Largest Storage Virtual Power Plant Operator in North America
Stem Announces Minimal Exposure to Silicon Valley Bank
growth-positive
Tower Semiconductor and Teramount Announce Technology Collaboration Connecting a Large Number of Optical Fibers to Silicon Chips
Tower Semiconductor and Teramount have announced a collaboration based on Teramounts PhotonicPlug technology and Towers silicon photonic Bump-ready wafers. The technology allows for the simultaneous connection of a large number of fibers to the chip, simplifying assembly into a high-speed data transport solution for datacenters and telecom networks. The collaboration will offer this capability to customers who need silicon photonics solutions for devices ranging from transceivers to high-bandwidth switches.
Partners
growth-positive
Tower Semiconductor Announces World’s First Heterogeneous Integration of Quantum Dot Lasers on its Popular SiPho Foundry Platform PH18
Tower Semiconductor, in collaboration with Quintessent, has announced the worlds first heterogeneous integration of GaAs quantum dot lasers and a foundry silicon photonics platform. This platform is targeted for optical transceiver modules in datacenters and telecom networks, as well as new emerging applications in artificial intelligence, machine learning, LiDAR and other sensors. The silicon photonics transceiver market is expected to grow at a CAGR of 24% reaching a TAM of $9B in 2025. Initial process design kits for the platform have been made available in partnership with DARPA.
PartnersExpand
growth-positive
מכירות שיא לטאואר: 1.68 מיליארד דולר ב-2022 - Techtime - חדשות אלקטרוניקה והייטק
Tower Semiconductor reported organic sales growth of 23% and achieved record sales of $1.68 billion in 2022. The company is awaiting approvals for a planned merger with Intels manufacturing services division. TPSCo, a joint venture between Tower Semiconductor and Nuvoton, closed a factory in Japan, resulting in increased profitability for Tower Semiconductor. The Intel acquisition, valued at $5.4 billion, is pending regulatory approval. Tower Semiconductor specializes in unique semiconductor manufacturing services and employs 5,500 people. The company operates facilities in Israel, the US, and Japan.
PartnersAcquisition
growth-positive
Tower Semiconductor Reports Third Quarter 2022 Record Revenue of $427 Million
Tower Semiconductor has reported its Q3 2022 results, showing a 10% revenue growth compared to Q3 2021, with revenues reaching $427 million. The companys net profit for Q3 2022 was $69 million, reflecting a 16.2% net margin, exceeding its publicly stated target of achieving a 15% net margin in 2022. The company also repaid $28 million of its debt during Q3 2022. However, due to its definitive agreement with Intel Corporation, Tower Semiconductor is not providing revenue guidance for Q4 2022.
InvestmentAcquisition
growth-positive
Tower Semiconductor Reports Second Quarter 2022 Record Revenue of $426 Million Year over Year Revenue Growth of 18% Total and 30% Organic
Tower Semiconductor has reported its Q2 2022 results, showing a revenue of $426 million, an 18% increase from Q2 2021s $362 million. The companys gross profit for Q2 2022 was $112 million, a 52% increase from the $74 million recorded in Q2 2021. Operating profit for Q2 2022 was $71 million, more than double the $34 million recorded in Q2 2021. Net profit for Q2 2022 was $58 million, 88% higher than the $31 million recorded in Q2 2021. The company also repaid $8 million of its debt during Q2 2022.
CustomersInvestment
Growth-Positive
ההשקעה במפעל טאואר בהודו: כ-4 מיליארד דולר - Techtime - חדשות אלקטרוניקה והייטק
Tower Semiconductor, as part of the ISMC consortium with Next Orbit, has signed an agreement with the state of Karnataka, India to acquire a 600,000 square meter area for a new manufacturing plant. The consortium will invest $3 billion in the project, with the rest coming from the state. The plant, which will produce 65-nanometer analog chips, is expected to employ about 1,500 people directly and another 10,000 indirectly. The Indian government has approved a total budget of $10 billion for the project. The consortium is now awaiting final approval from the Indian government.
InvestmentExpand
growth-positive
Tower Semiconductor Expands its Leading-Edge Power Management Platforms Supporting Higher Power and Higher Voltage ICs
Tower Semiconductor has announced the expansion of its power management platforms with the release of the second generation of its 65nm BCD technology, which operates at 24V and reduces Rdson by 20%. The company is also adding deep trench isolations to its 180nm BCD platform, enabling up to 40% die size reduction for voltages up to 125V. These advancements address the increasing demand for higher power ICs at higher voltages and power efficiency. Tower Semiconductor will present its latest power management technologies at the 2022 PCIM conference in Nürnberg, Germany. The company aims to enhance its market position in the power IC market, which is projected to reach over $25.5B by 2026.
Expand
growth-positive
Tower Shareholders Approve Intel Merger at Extraordinary General Meeting
Tower Semiconductor has announced that its shareholders have approved the Agreement and Plan of Merger with Intel Corporation. Under the terms of the merger agreement, Tower Semiconductor will become a wholly owned subsidiary of Intel. The transaction is subject to regulatory approvals and customary closing conditions. Tower Semiconductor is a leading foundry for analog semiconductor solutions, providing technology and manufacturing platforms for integrated circuits in various industries. The merger with Intel is expected to have a positive impact on the growth of the company.
Acquisition
growth-positive
טאואר חושפת: הרעיון למכירתה לאינטל הועלה לראשונה ביוני 2021
Intel is set to acquire Israeli semiconductor company, Tower Semiconductor, for $5.8 billion. The deal, which is expected to be the third-largest exit for an Israeli company of all time, began negotiations in mid-2021. Tower Semiconductor has called a shareholders meeting on April 25 to vote on the approval of the deal. The companys CEO, Russell Ellwanger, had initially met with Randhir Thakur, president of Intel Foundry Services, to discuss a potential commercial agreement. However, the possibility of an acquisition was raised and the process began. The deal is expected to significantly boost Tower Semiconductors production capacity.
Acquisition
growth-positive
הודו: המפעל ליצור שבבים של טאואר שוב על הפרק בעקבות רכישתה ע"י אינטל - Chiportal
טאואר סמיקונדקטור, יצרנית השבבים הישראלית שנרכשה על ידי אינטל, מנהלת דיונים עם ממשלת הודו להקמת מפעל ייצור שבבים שם. הממשלה מצפה להשקעות של 1.7 טריליון רופי ויצירה של 135,000 משרות בארבע השנים הבאות במסגרת תוכנית התמריץ לשבבים.
InvestmentExpand
growth-positive
Intel set to buy Tower Semiconductor for $6b - report
Intel Corp. is close to acquiring Israeli chipmaker Tower Semiconductor Ltd. for $6 billion. The acquisition is part of Intels plan to expand production capability in various technologies and products. The deal is expected to be announced this week. Tower Semiconductors revenue and profits have increased due to the global chip shortage and growing demand for technology. The company produces analog chips for customers in various industries. Acquiring Tower Semiconductor would allow Intel to enter the foundry sector and compete against global giants like Samsung, ARM, and TSMC. If the acquisition goes through, Tower Semiconductors fab in Migdal HaEmek will become Intels second major fab in Israel.
Acquisition
growth-positive
Intel-owned Tower Semiconductor's chip-making plan in India back on table
Tower Semiconductor, recently acquired by Intel for $5.4 billion, is in discussions with the Indian government to set up a manufacturing facility in India. The companys plan was revived after the government announced the production-linked incentive (PLI) scheme. Tower Semiconductor has been consulting with the government for over 10 years.
InvestmentAcquisition
growth-positive
טאואר בוחנת הקמת מפעל שבבים חדש בארה"ב בסיוע הממשל האמריקאי - Chiportal
Tower Semiconductor, a chip manufacturer, is considering the establishment of a new factory for the production of analog chips in the US. The company, which has seen significant revenue growth in recent years, expects continued growth in demand for its chips in 2022 and is preparing to increase its production capacity for the coming years. This aligns well with the US governments efforts to bring back some of the chip production capacity to the US to reduce American companies dependence on chip production in the East. Tower intends to take advantage of the US Innovation and Competition Act to receive benefits and grants from the US government that will assist in obtaining the financing required for the establishment of the factory, estimated at $5 billion.
InvestmentExpand
growth-positive
טאואר מתכננת להיות קבלנית סיליקון פוטוניקס הראשונה בעולם - Techtime - חדשות אלקטרוניקה והייטק
Tower Semiconductor has announced a new manufacturing process in the field of silicon photonics, developed in partnership with California-based Anello Photonics. The process allows the production of waveguides using Silicon Nitride, which transmit light at a wavelength of 1550nm, commonly used in optical communication systems. This is not the first silicon photonics manufacturing process developed by Tower, but it represents a significant step forward in the companys ambitious manufacturing strategy. The companys long-term strategy is to become the industrys first full-service silicon photonics manufacturing contractor.
PartnersExpand
growth-positive
Tower Semiconductor Announces Breakthrough LiDAR Technology for Advanced Driver-Assistance Systems
Tower Semiconductor has announced the development of a new LiDAR IC technology for advanced driver-assistance systems (ADAS) and self-driving cars. The technology was designed by researchers from the Ming Hsieh Department of Electrical and Computer Engineering at the USC Viterbi School of Engineering and manufactured using Tower Semiconductor’s Silicon Photonics platform. The LiDAR IC uses continuous wave frequency modulation, making it more resilient to environmental brightness and interferences from other LiDARs in a congested driving environment. The research was partially supported by Toyota Central R & D Corporation, Samsung Advanced Institute of Technology, and the USC Pratt and Whitney Institute for Collaborative Engineering.
Partners
growth-positive
Tower Semiconductor and Cadence Announce New Reference Flow for Advanced 5G Communications and Automotive IC Development
Cadence Design Systems and Tower Semiconductor have announced the release of a silicon-validated SP4T RF-SOI switch reference design flow. The collaboration aims to provide a faster path to design closure for advanced 5G wireless, wireline infrastructure, and automotive IC product development. The reference design flow leverages a comprehensive set of mixed-signal and RF design, simulation, system analysis, and signoff tools. Tower Semiconductors RF and high-performance analog design enablement solutions, PDKs, and reference flows complement its foundry process technologies. The RF and mmWave PDKs now incorporate Cadences multiphysics analysis products to account for electromagnetic and thermal integrity of the design. The collaboration between Cadence and Tower Semiconductor aims to deliver new and advanced design tools with unique features that best suit IC design requirements in leading markets.
Partners
growth-positive
STMicroelectronics brings Tower Semiconductor on board 300mm analog and power fab under construction in Italy
STMicroelectronics and Tower Semiconductor have announced a partnership to accelerate the ramp-up of the Agrate R3 300mm fab in Italy. STMicroelectronics will welcome Tower to its fab and both companies will invest in their respective process equipment. The fab is expected to be ready for equipment installation later this year and start production in the second half of 2022. The partnership aims to reach a high utilization level and competitive wafer cost. The products manufactured in the fab will be used in automotive, industrial, and personal electronics applications. Tower Semiconductor will establish a wholly-owned Italian subsidiary for the project.
Partners
growth-positive
טאואר עקפה את תחזית ההכנסות וצופה הכנסות שיא ברבעון הבא
טאואר, a chip manufacturer, exceeded analysts revenue forecast and reported a net profit in line with analysts expectations for the first quarter of the year. The company recorded revenues of approximately $347 million, a 15.7% growth compared to the same quarter last year. The net profit reached $30.5 million, a 90.3% growth from the same quarter last year. The company also reported an increase in EBITDA to $94.5 million. They have a cash balance of approximately $710 million. They have received orders worth $150 million for machinery and infrastructure to expand production capacity. The company expects sales of $360 million in the second quarter, with a range of 5% above or below the forecast. The CEO is optimistic about the companys business and operational capabilities and expects organic sales growth of 26% compared to the same quarter last year. The companys stock market value is $2.9 billion.
CustomersExpand
growth-positive
Tower Semiconductor Introduces a Newly Developed, State-of-the-art Galvanic Isolation Technology
Tower Semiconductor has announced a newly developed galvanic capacitor technology integrated with its power management and mixed-signal platforms. The technology enables up to 12kV isolated gate driver and digital isolator ICs, enhancing safety and power efficiency for applications in the automotive, green power, and industrial markets. The integration of the galvanic isolator offers cost and size advantages. Lead customers are prototyping initial products for battery chargers, power supplies, and motor drivers for electric and hybrid vehicles, as well as for green power and industrial applications. Tower Semiconductor aims to support the anticipated high growth in electrical vehicles and other isolated power applications.
Customers
growth-positive
Tower Semiconductor Reports Double Digit Revenue Growth for the Fourth Quarter of 2020
Tower Semiconductor reported its Q4 2020 and full-year results, highlighting a 13% YoY growth in Q4 revenues to $345 million and a 3% total growth for the full year 2020 revenues to $1.266 billion. The company also reported significant increases in gross profit, operating profit, EBITDA, and net profit for Q4 2020 compared to the prior quarter and Q4 2019. Tower Semiconductor has initiated a 200mm and 300mm capacity expansion to meet increasing demand and plans to invest an additional $150 million in the coming 12 months to increase its manufacturing capacity.
CustomersExpand
growth-positive
Alpine Optoelectronics Produces 400G PAM4 nCP4™ SiPho Optical Engine on Tower Semiconductor Technology
Tower Semiconductor and Alpine Optoelectronics have announced that Alpine Optoelectronics has begun production of its 400G PAM4 nCP4 optical engine on Tower Semiconductors PH18 Silicon Photonics technology platform. This partnership is expected to have a growth-positive impact on Tower Semiconductor. The key theme of the article is the collaboration between the two companies in the production of high-speed connectivity solutions for data center applications. The key issues discussed in the article are partners and customers. The article does not mention any specific investors or acquisition amounts. The event described in the article occurred on December 29, 2020. The confidence level of the answer is 8.
PartnersCustomers
growth-positive
Tower Semiconductor and GMEMS Announce the Ramp to Mass Production of MEMS Microphones Products
Tower Semiconductor and GMEMS have announced the ramp to mass production of GMEMs MEMS microphones products on Towers 0.18um flow. This partnership enables Tower Semiconductor to expand its capacity and meet the growing demand in the earbuds and cellphone markets. The MEMS microphone market is expected to grow significantly in the coming years. Towers advanced facilities and platforms provide high volume manufacturing and capacity assurance. The collaboration between GMEMS and Tower Semiconductor has resulted in the successful ramp to stable high volume manufacturing. Tower Semiconductor is excited about the cooperation with GMEMS and looks forward to achieving even greater market potential together.
PartnersCustomers
growth-positive
Tower Semiconductor and OPIX Announce the Successful Development of a World Class iToF Technology Platform for 3D Imaging and Face Recognition Applications
Tower Semiconductor and OPIX have successfully developed a world-class iToF technology platform for 3D imaging and face recognition. The technology is implemented in a high-end image sensor product that will be integrated into a 3D camera module in partnership with a global industry leader. The collaboration aims to serve fast-growing markets such as mobile, AR/VR, retail, robotics, automation, and industrial inspection. The sensor product features a 5µm 3-tap iToF pixel with a resolution of 640x480 pixels. Tower Semiconductors pixel-level stacked BSI CIS technology and expertise in iToF image sensor technology have contributed to the development of this cutting-edge product. The partnership with OPIX demonstrates Tower Semiconductors commitment to providing market-leading imaging solutions.
Partners
growth-negative
Tower to pay hundreds of thousands of dollars to hackers who paralyzed its manufacturing
Tower Semiconductor Ltd. has fallen victim to a ransomware attack and will pay a ransom to hackers to release its servers. The companys insurance policy will cover the costs. Tower has reported the hack to the Israel Securities Authority and has shut down some servers and halted production as a precaution. The payment of the ransom is expected to allow the company to return to full production capacity. Ransomware attacks have been increasing, and the cost of shutting down production lines due to an attack could reach millions of dollars. The article advises against paying hackers, but in this case, the company has suffered damage that leaves it with no choice. The breach is believed to have occurred due to the work-from-home model adopted during the COVID-19 pandemic.
CustomersPartners
growth-positive
Tower Semiconductor Announces a New RF Switch Technology with Breakthrough Performance
Tower Semiconductor announces a new radio frequency (RF) switch technology targeting the 5G and high-performance RF switch markets. The new switch technology enables more efficient RF system architectures in applications including mobile, base-station, and mmWave communications. It demonstrates a record RF device figure of merit, resulting in low insertion loss and small device size. The switch is also nonvolatile, making it attractive for IoT and power-sensitive applications. Tower Semiconductor will offer multi-project wafer runs in 2021 for select customers. The new RF switch will be presented at IMS 2020. Tower Semiconductor is engaged with multiple customers and partners to bring this technology to market for next-generation products.
CustomersPartners
growth-negative
Tower Semiconductor falls sharply after Q2 results
Tower Semiconductor Ltd. reported financial results for the second quarter of 2020, with higher revenue but lower profit. The companys share price decreased by 9% on Nasdaq, resulting in a market cap of $2.24 billion. Tower Semiconductor forecasts third-quarter revenue of $320 million, with a 5% possible variation in each direction. The CEO expressed confidence in the companys strategy and roadmap, citing customer interaction and acceptance of recent developments. Tower Semiconductor aims to expand into newly served markets and increase market share. The article was published on July 29, 2020.
CustomersExpand
growth-positive
Infinera Leverages Tower Semiconductor SiGe Technology in its Industry-leading 800Gbs Optical Engine
Tower Semiconductor has been selected by Infinera to provide its high-performance Terabit SiGe BiCMOS platform for use in Infineras 800G sixth-generation Infinite Capacity Engine (ICE6). This selection will enable Infinera to offer network operators significant cost, power, and fiber capacity advantages to address the growing bandwidth demand on their networks. Tower Semiconductors SiGe platform is optimized for high-speed networking applications and is tailored to deliver the highest performance for high-frequency wireless communications. The partnership between Tower Semiconductor and Infinera will allow both companies to achieve an important milestone in the optical transmission market segment.
Partners
growth-positive
HP Indigo selected Tower Semiconductor for their Next-Generation High Resolution Industrial Presses
Tower Semiconductor has announced the utilization of its 180nm Power Management platform for HP Indigos next-generation high-resolution industrial presses. The advanced process offers high-end integration of multiple drivers in a single chip, as well as a smaller footprint. The new HP Indigo analog IC will provide cutting-edge press resolution. Tower Semiconductors platform is suitable for various applications such as mobile, wearables, industrial, and automotive. The collaboration with HP Indigo allows Tower Semiconductor to expand its printer offerings and business opportunities.
PartnersCustomers
growth-positive
TowerJazz and Aledia Enter into Process Development Partnership Agreement for Cutting-Edge Nanowire-LED Technology
TowerJazz and Aledia have announced a process development partnership to bring Aledias nanowire-LED technology into commercialized volume production. Aledias technology offers breakthrough solutions for the global display markets growing demand. TowerJazzs advanced services enable quick transfer and manufacturability of Aledias technology. The partnership is expected to establish Aledia as a leading provider of next-generation display panel technology.
Partners
growth-positive
TowerJazz and the Technion Developed a Breakthrough Analog Platform for Artificial Intelligence in Edge Devices
Tower Semiconductor and the Technion have developed a breakthrough analog platform for artificial intelligence (AI) in ultra-low power sensors and IoT edge devices. The platform utilizes memristor devices with analog memory storage and computing capabilities, enabling the development of AI cores suitable for various applications. Compared to existing solutions, this platform offers significantly lower power consumption and cost-effectiveness. The research paper on this breakthrough was published in Nature Electronics, marking the first publication of a research project conducted solely in Israel. Tower Semiconductor and the Technion plan to continue their collaboration to achieve more significant achievements in the future.
PartnersExpand
growth-positive
Inphi Qualified TowerJazz for Production of Advanced Silicon Photonics Integrated Circuits (PICS) for Data Center Connectivity
TowerJazz has been qualified by Inphi Corporation for production of Silicon Photonics Integrated Circuits for data center interconnects. Inphis Silicon Photonics PAM4 technology is the industrys first low power, cost-effective 100G DWDM platform solution. TowerJazzs PH18 Silicon Photonics platform complements its SiGe BiCMOS processes, providing enhanced solutions to its customer base. The partnership between TowerJazz and Inphi will focus on developing the next generation of Silicon Photonics Integrated Circuit components.
Partners
growth-positive
TowerJazz Announces the Availability of its Newly Released Advanced Stacked BSI Hybrid Bonding Technology
TowerJazz, the global specialty foundry leader, has announced the release of its highly advanced 65nm stacked BSI hybrid bonding technology. This new offering enables a significantly reduced pixel size and enhanced performance for sensors used in automotive, high-end photography, event-driven sensors, and Time of Flight (ToF) applications. The technology provides higher data rate, lower power consumption, better performance, and a smaller form factor. TowerJazzs hybrid BSI stacking connects each of the Photo Diodes (PD) in the imaging top wafer to the pixel circuit in the bottom wafer. The company has also expanded its non-imaging sensor (NIS) technology platform portfolio. TowerJazz operates under the brand name TowerJazz and manufactures next-generation integrated circuits (ICs) in various markets. The event described in the article occurred on September 25, 2019.
CustomersPartners
N/A
TowerJazz to Invest $100 Million in Capacity Building - Israel Electronics News
The article discusses the data collection practices of Techtime, a company that collects anonymous data on visitors for business purposes such as user experience enhancement and digital marketing. The company collects personal data such as email addresses and names on various forms, all of which are designed in accordance with GDPR requirements. Techtime uses Mailchimp to collect email addresses and send marketing materials to customers. The company also uses various cloud platforms and third-party providers for website operation. Techtime retains user data indefinitely for comment moderation and allows users to request access to their personal data or request anonymization. The company has measures in place to protect data and has procedures for handling data breaches.
growth-positive
Chipmakers Vishay Siliconix, TowerJazz Expand Long-Term Partnership
TowerJazz has expanded its partnership with Vishay Siliconix Itzehoe to produce power semiconductor products for the automotive markets. The partnership aims to develop automotive-dedicated chips that improve power management circuitry efficiency and reduce physical space requirements. The financial terms of the deal were not disclosed.
Partners
growth-positive
Tower extends Panasonic collaboration
Tower Semiconductor Ltd. has signed an agreement extending its partnership with Panasonic until 2022. The partnership involves Panasonic continuing to buy products for its semiconductor business from Towers joint venture with TPSCo. The quantity of products manufactured at Towers facilities will remain the same, but with a new price structure that will reduce sales by $20 million a quarter. However, the companies believe that streamlining measures and increased sales to third parties will neutralize the impact on revenue and profit margin. Tower Semiconductor CEO Russell Ellwanger expressed satisfaction with the partnership and the growth it has brought to the analog foundry space.
Partners
growth-positive
Russell Ellwanger: Rebuilding Tower Semiconductor
Tower Semiconductor Ltd., marketed as Tower-Jazz, has seen a significant turnaround since 2005 when CEO Russell Ellwanger took over. The company was on the brink of collapse with a $550m debt and annual revenue of $100m. However, following two major acquisitions, the company is now regarded as a surprising success in the semiconductor industry, with consistent double-digit growth, negligible debt, and 2016 revenue expected to reach $1.4bn. The company has also changed hands, with previous controlling shareholder Idan Ofer gradually parting with his shares, leaving the company in the hands of the public.
AcquisitionInvestmentManagement Changes
growth-positive
Tower CEO: We'll earn hundreds of millions a year
Tower Semiconductor Ltd., once on the brink of bankruptcy, has seen a significant turnaround under the leadership of CEO Russell Ellwanger. The companys market cap is now NIS 5.2 billion, equal to that of First International Bank of Israel and Migdal Insurance and Financial Holdings Ltd., Israels largest insurance company. This growth has been driven by a series of strategic moves, including an unexpected deal with Japanese electronics company Panasonic, which has led to a 250% increase in the companys share value this year. Ellwanger has committed to staying with the company for at least another five years.
Management ChangesInvestmentAcquisitionExpand
growth-positive
Tower Semiconductor buys Texas foundry for $40m
TowerJazz has signed an agreement to purchase Maxim Integrated Products fabrication facility in San Antonio, Texas for $40 million. The purchase will expand TowerJazzs worldwide manufacturing capacity by 28,000 wafers per month. The transaction is expected to close in January 2016. TowerJazz and Maxim have also signed a long-term supply agreement. All of the facilitys nearly 500 employees will be retained. TowerJazz plans to qualify its core specialty technologies to meet the growing customer demand.
AcquisitionPartners
Tower Semiconductor Team
Employee Info
| Employees (range) | 500+ |
| Exact count | 1425 |
| Team members | 6 |
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Admin Info
| Confidence | 99/100 |
| Missing | funding rounds, markets |
| BI Verification | Maor Perlov |
| Registrar ID | 520041997 |
| Crunchbase | towerjazz |
| Phone | +97246506611 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-09-10T00:00:00.000Z |
| Created | 2014-08-12T00:00:00.000Z |
| Claimed | Yes |
| Status detail | Public on NASDAQ on Nov, 1994<br>Public on TASE on Feb, 2002<br> |