Tower Semiconductor Ltd. reports developments tied to its role as a pure-play specialty foundry for high-value analog semiconductor solutions. The company provides technology, development and process platforms for IDMs and fabless companies across consumer, industrial, automotive, mobile, infrastructure, medical, aerospace and defense markets.
Recurring updates cover analog and specialty process platforms including SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS and non-imaging sensors, displays, integrated power management, silicon photonics and MEMS. Company announcements also address customer and partner demonstrations, aerospace and defense foundry applications, AI infrastructure and optical networking technologies, quarterly financial results, conference participation, and the multi-fab manufacturing footprint in Israel, the United States, Japan and Italy.
Tower Semiconductor (NASDAQ/TASE: TSEM) and Innolight are continuing their collaboration on Near-Package Optics, with Innolight's first device entering early production. Near-Package Optics, or NPO, is an optical connectivity approach for AI infrastructure.
The device uses Tower's PH18M silicon photonics process at its California factory, leveraging its 200mm manufacturing platform. Innolight has also completed design submissions, known as tape-outs, for multiple NPO products on Tower's 300mm platform to support future product generations. The collaboration combines Innolight's optical connectivity designs with Tower's manufacturing platforms.
Tower Semiconductor (TSEM) reported third-quarter revenue of $526 million, up 33% year over year, and provided higher fourth-quarter revenue guidance. Gross profit rose 92% to $179 million. GAAP net profit attributable to the company reached $120.256 million, versus $53.645 million a year earlier; diluted earnings per share increased to $1.05 from $0.47.
Fourth-quarter revenue guidance is $600 million, plus or minus 5%, with midpoint growth of 36% year over year and 14% sequentially. Tower expects $2 billion in 2026 revenue and targets a fourth-quarter silicon photonics revenue run rate of $1.1 billion annually. Capacity investments, including the Japan 300mm buildout, are progressing ahead of schedule, with customer contracts being extended through 2029. Quarterly operating cash flow was $185 million, while net property and equipment investment was $191 million.
Tower Semiconductor (TSEM) and Semtech (SMTC) expanded their multi-year partnership to secure dedicated manufacturing capacity for AI data center connectivity components.
Under the agreement, Semtech will invest in securing silicon germanium (SiGe) capacity, a semiconductor process used for its optical interconnect components. The secured capacity spans Tower’s factories in the United States, Israel and Japan, building on current production and providing Semtech additional supply assurance. The companies expect demand for Semtech’s SiGe-based products to grow across more customer programs and end markets.
Beyond capacity, Tower and Semtech continue working on a joint technology roadmap for multiple generations of AI data center interconnects. Their collaboration covers both optical and copper connectivity.
Tower Semiconductor (TSEM) will issue its third-quarter 2026 earnings release on November 2, 2026, and hold a conference call that day. The call begins at 10:00 a.m. Eastern Time and will cover third-quarter financial results and fourth-quarter 2026 guidance. A webcast will be available through the company’s Investor Relations website, which also provides the required pre-registration form for dial-in participation. The teleconference replay will remain available for 90 days.
Tower Semiconductor (TSEM) announced its 2026 Technical Global Symposium in the United States, to be held on November 17, 2026, in Santa Clara, California.
The event will gather customers, partners and industry leaders to discuss technologies and market trends in AI infrastructure, high-performance computing, advanced connectivity and intelligent sensing. It follows a 2026 symposium held in Shenzhen and is presented as reinforcing Tower’s global customer engagement and technology leadership efforts.
The program includes a CEO keynote on company growth and roadmap, an executive panel on next-generation data center architectures, and technical sessions on silicon photonics, SiGe, RF/RF SOI, power management, sensors and display platforms. Registration and agenda details are available on the event webpage.
Tower Semiconductor (TSEM) and NewPhotonics have begun high-volume shipments of laser-integrated, serviceable optical engine photonic integrated circuits (PICs) for AI data-center interconnects.
The volume-production NPG102 PICs support data rates from 800G to 1.6T, using 200G-per-lane designs and heterogeneously integrated lasers on Tower’s PH18DA silicon photonics platform. The devices target FRO/LRO/LPO and Extra-Dense Packaged Optics pluggable modules and Near-Packaged Optics socket pluggable solutions for scale-out and scale-up AI architectures. CPX-MSA compliant NPC505 chipsets for 6.4T NPO applications are planned to enter volume shipment in the first half of 2027.
Tower Semiconductor (TSEM) will showcase its silicon photonics and Silicon Germanium (SiGe) solutions at ECOC 2026, held September 21–23, 2026 at FYCMA in Malaga, Spain, booth C1014.
The company plans to present its high-volume, high-performance silicon photonics platform used in datacenter and telecom optical transceivers and in applications such as near- and co-packaged optics for AI clusters, DWDM lasers, optical circuit switching, FMCW LiDAR for Physical AI, and quantum computing. Tower will also feature its SiGe BiCMOS solutions, designed to complement its SiPho platform to meet higher-bandwidth, lower-latency and lower-power needs of next-generation AI infrastructure. Company representatives will be available during the event for roadmap discussions.
Tower Semiconductor (NASDAQ/TASE: TSEM) announced that company representatives will participate in two upcoming investor events: the 2026 Jefferies Semiconductor, IT Hardware and Communications Technology Conference on August 25–26, 2026 at the Four Seasons Hotel in Chicago, and the Benchmark-StoneX 13th Annual Tech, Media and Telecom Conference on September 10, 2026 at the New York Athletic Club in New York.
According to Tower Semiconductor, investors will have opportunities for one-on-one meetings with company representatives and can arrange meetings through the conference organizers or by emailing the investor relations team at towersemi@kcsa.com.
Tower Semiconductor (NASDAQ/TASE: TSEM) and OpenLight announced that OpenLight’s photonic Process Design Kit (PDK) for Tower’s PH18DA indium phosphide (InP)-on-silicon photonics platform is now available within Cadence electronic design automation (EDA) tools. The jointly developed PDK lets customers design photonic integrated circuits (PICs) in a familiar IC design environment and move more efficiently toward production.
The PH18DA ecosystem now combines OpenLight’s photonics IP, Tower’s process and manufacturing capabilities, and Cadence’s EDA environment to support monolithic PICs integrating active components such as lasers, modulators, and amplifiers. According to Tower Semiconductor, this enables development of 400G and 1.6T laser-integrated PICs and co-optimized photonic and electronic ICs for next-generation near- and co-packaged optics, targeting applications including optical interconnects, AI infrastructure, and sensing. OpenLight also highlights a recent $50 million Series A-1 funding round, bringing its total funding to $84 million.
Tower Semiconductor (NASDAQ/TASE: TSEM) reported record second quarter 2026 revenue of $460 million, up 24% year over year, with gross profit of $138 million and operating profit of $90 million. Net profit attributable to the company was $90.8 million, yielding basic EPS of $0.80 versus $0.42 a year earlier.
Cash from operating activities reached $177 million, while investments in property and equipment were $187 million. The company guided third quarter 2026 revenue to $520 million (±5%), implying 31% YoY and 13% QoQ growth. Tower highlighted strong silicon photonics (SiPho) momentum, with annual revenue run rate rising to $680 million from $180 million year over year, and raised its 2028 target model to $3.6 billion revenue and $1.2 billion net profit.