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. 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) announced its 2021 Technical Global Symposium, showcasing advanced analog technology platforms for various markets including communication, automotive, medical, and AI. Executives will discuss innovations in RF & High-Performance Analog, Power Management, and Sensors. The company aims to address rising market demands with its manufacturing capabilities and growth programs. Sessions will include insights on technologies for optical transceivers, LiDAR, and sensor solutions.
Tower Semiconductor (NASDAQ/TASE: TSEM) announced a significant advancement in LiDAR IC technology for advanced driver-assistance systems (ADAS) and self-driving vehicles. Developed using Tower's SiPho technology, the new LiDAR solution features optical phased arrays for precise 3D imaging without moving parts. Operating at a 1550nm wavelength, it utilizes continuous wave frequency modulation (FMCW), enhancing resilience against environmental interference. The research was supported by several prestigious institutions and documented at the 2021 IEEE International Solid-State Circuits Conference.
Tower Semiconductor (NASDAQ/TASE: TSEM) and Quintessent have announced a groundbreaking collaboration to develop the world's first Silicon Photonics (SiPho) process integrated with quantum dot lasers. This innovation targets optical connectivity for Artificial Intelligence and Machine Learning in data centers. The silicon photonics transceivers market is projected to grow significantly, reaching $3.5B by 2025. The new process will complement Tower's existing PH18 production platform, enhancing power efficiency and product capabilities. Initial development is expected in 2021, with multi-project wafer runs anticipated in 2022.
Tower Semiconductor (NASDAQ/TASE: TSEM) has partnered with Novosense to develop a new automotive-grade hall sensor, the NSM2011, utilizing Tower's advanced 180nm analog platform. This product targets the growing electric vehicle market, projected to reach ~30 million units by 2024. The hall sensor, designed for On-Board Charging units, boasts superior performance with low noise and high precision, making it ideal for high-temperature automotive environments. The market value for hall sensors is anticipated to hit ~$1.6 billion by 2022, indicating significant growth potential for this collaboration.
Tower Semiconductor (TSEM) and Cadence Design Systems announced the launch of a silicon-validated SP4T RF-SOI switch reference design flow. This innovative solution, utilizing the Cadence Virtuoso Design Platform, aims to streamline the design process for advanced 5G wireless, wireline, and automotive ICs. The collaboration enhances design capabilities by integrating custom IC design tools, multiphysics analysis, and electromagnetic simulations, allowing faster design closure. This development strengthens Tower's position in high-performance analog solutions, benefiting joint customers with increased design confidence.
Tower Semiconductor (NASDAQ: TSEM) reported record second quarter revenue of $362 million, reflecting a 17% total and 26% organic year-over-year growth. The company guided a third quarter revenue of $385 million, translating to 24% total and 38% organic growth. Key highlights include a significant increase in gross profit to $74 million and net profit rising to $31 million, up 62% year-over-year. Tower also expanded its capacity expansion plan by $100 million and established a partnership with ST Microelectronics to triple its 300mm capacity.
Tower Semiconductor (NASDAQ: TSEM) is set to release its second quarter 2021 earnings on August 2, 2021. A subsequent conference call will discuss the earnings results and provide guidance for the third quarter at 10:00 a.m. Eastern Time on the same day. The call will be accessible via the Investor Relations section of the Tower Semiconductor website. This release highlights the company’s role as a leading foundry in the high-value analog semiconductor market, emphasizing its diverse manufacturing capabilities across multiple facilities.
STMicroelectronics and Tower Semiconductor announced a partnership to accelerate the ramp-up of the Agrate R3 300mm fab in Italy, enhancing semiconductor production efficiency. ST will manage the operations while Tower installs equipment in one-third of the facility. This collaboration aims to expedite the fab's qualification and production, significantly improving utilization rates from early production stages. The fab is set to manufacture advanced technologies for automotive, industrial, and personal electronics applications, addressing supply tensions in these sectors.
Tower Semiconductor (NASDAQ/TASE: TSEM) announced key technology presentations at IMS 2021 and the RFIC conference, showcasing innovations in 5G, satellite communications, and quantum computing. The highlighted papers emphasize breakthrough RF and millimeter-wave technologies, including low noise amplifiers and novel RF switch configurations. Tower will also participate in a virtual exhibitor talk on June 21, discussing their 5G solutions. For more details on presentations and scheduled sessions, visit the event website.
Tower Semiconductor (NASDAQ: TSEM) reported a record revenue of $347 million for Q1 2021, representing 21% organic growth and 16% total growth year-over-year. The company anticipates Q2 2021 revenue of $360 million, reflecting 26% year-over-year organic growth. Significant improvements were noted in gross profit ($70 million, up 33%), operating profit ($32 million, 2X year-over-year), and net profit ($28 million, $0.26 EPS). Tower's capacity expansion plan includes $150 million in purchase orders for manufacturing tools. Standard & Poor’s reaffirmed a stable credit rating of "ilAA-."