Welcome to our dedicated page for Tower Semiconductor news (Ticker: TSEM), a resource for investors and traders seeking the latest updates and insights on Tower Semiconductor stock.
Tower Semiconductor Ltd (NASDAQ/TASE: TSEM) is a pure-play specialty semiconductor foundry focused on high-value analog semiconductor solutions. News related to Tower Semiconductor often centers on its technology platforms, collaborations with customers and partners, and its role in markets such as consumer, industrial, automotive, mobile, infrastructure, medical, and aerospace and defense.
Recent announcements highlight collaborations in Silicon Photonics (SiPho) and power management, including work on AI datacenter fabrics, optical interconnects, and high-efficiency power conversion for servers and AI compute systems. Other news items describe silicon photonics-based FMCW LiDAR for automotive and Physical AI applications, high-speed imaging solutions with embedded analog AI, and wafer-scale 3D-IC integration that combines SiPho and SiGe BiCMOS processes for Co-Packaged Optics and data center applications.
Investors and industry followers can also find updates on Tower Semiconductor’s participation in global technology and investor conferences, as well as its Technical Global Symposium series, which showcases its analog, RF, sensor, display, power management, and photonics capabilities. Earnings releases and Form 6-K filings provide additional context on the company’s operations and strategic focus.
This news page aggregates these developments, offering a single view into Tower Semiconductor’s ongoing technology announcements, market collaborations, financial updates, and corporate events. Users interested in analog foundry technologies, silicon photonics, RF, sensors, and power management can use this feed to follow how Tower Semiconductor’s platforms are being applied across AI, connectivity, automotive, and industrial markets.
Tower Semiconductor (NASDAQ/TASE: TSEM) will participate in the 2022 IMS conference in Denver from June 19-24, showcasing its advanced RF technology developments. The company will present its innovative RF platforms, including the SBC18H6 SiGe BiCMOS platform, enhancing performance for emerging wireless and wireline ICs. Key topics include low-loss RF switches and solutions for 5G and high-speed wireline systems. Attendees can meet the engineering team at booth #4017. For further details, visit the event webpage.
Tower Semiconductor has announced a webinar titled “Develop and Verify Designs Using a Silicon Photonics Platform with Integrated Lasers” set for June 28, 2022. The event will showcase the PH18 process and demonstrate an end-to-end design flow for photonic integrated circuit (PIC) design utilizing Synopsys products. With the optical transceiver market shifting from 400Gb/s to 800Gb/s, the webinar aims to highlight an 800G-DR8 PIC design case study, focusing on energy-efficient design methodologies. Registration is required to attend.
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Tower Semiconductor (NASDAQ: TSEM) reported strong financial results for Q1 2022, with revenue of $421 million, up 21% year-over-year. Organic revenue rose by 29%, excluding certain revenues. Gross profit increased to $105 million, reflecting a 50% rise. Operating profit surged 94% to $63 million, while net profit reached $54 million, or $0.50 per share, marking a 91% increase. Cash flow from operations was $137 million. In May 2022, the company received an upgraded corporate credit rating from S&P Ma’alot, enhancing its financial positioning.
Tower Semiconductor has announced the launch of its second-generation 65nm BCD technology, capable of operating at 24V with a 20% reduction in Rdson. Additionally, the company introduces deep trench isolation (DTI) on its 180nm BCD platform, achieving up to 40% die size reduction for voltages up to 125V. These advancements cater to the rising demand for high-power integrated circuits (ICs). The power IC market is projected to exceed $25.5 billion by 2026, highlighting the significance of these innovations. Tower will showcase these technologies at the 2022 PCIM conference in Germany.
Tower Semiconductor (NASDAQ: TSEM) is set to release its Q1 2022 earnings on May 16, 2022. Due to its ongoing transaction with Intel, the company will not provide guidance for the second quarter and will forgo hosting an earnings conference call. Tower Semiconductor specializes in high-value analog semiconductor solutions and operates multiple manufacturing sites, aiming to positively impact various markets, including automotive, medical, and industrial sectors.
Tower Semiconductor Ltd. (Nasdaq: TSEM) announced on April 25, 2022, that its shareholders approved the Merger Agreement with Intel Corporation. This acquisition will see Tower become a wholly owned subsidiary of Intel, with shareholders receiving $53.00 in cash per share. The transaction is subject to regulatory approvals and closing conditions. The EGM's approval is a significant step towards the merger, which aims to enhance Tower's position in the semiconductor industry.
Tower Semiconductor (NASDAQ: TSEM) reported significant financial growth for the fourth quarter and full year of 2021. Q4 revenue reached $412 million, a 19% increase year-over-year, while full-year revenue was $1.508 billion, also reflecting 19% growth compared to 2020. The company achieved a net profit of $52 million in Q4, translating to $0.48 EPS, up 67% year-over-year. Additionally, cash flow from operations totaled $134 million in Q4 with a full-year total of $421 million. Guidance for Q1 2022 was not provided.
Intel Corporation is set to acquire Tower Semiconductor for $53 per share, totaling approximately $5.4 billion. This acquisition aligns with Intel's IDM 2.0 strategy, enhancing its foundry services amid rising semiconductor demand. The purchase aims to combine Intel's advanced manufacturing capabilities with Tower's specialized technology, creating a comprehensive foundry offering. Post-acquisition, the deal is expected to be immediately accretive to Intel's non-GAAP EPS and is anticipated to close in about 12 months, pending regulatory approvals.
Tower Semiconductor (NASDAQ: TSEM) will release its fourth quarter and fiscal year 2021 earnings on February 17, 2022. A conference call to discuss the financial results and first-quarter 2022 revenue guidance will take place at 10:00 a.m. ET on the same day. The call will be accessible via webcast and through phone, with a replay available for 90 days. Tower Semiconductor specializes in analog semiconductor solutions and operates several manufacturing facilities in Israel, the U.S., Japan, and Italy, focusing on serving diverse markets including automotive and medical.