Tower Semiconductor Ltd Stock Price, News & Analysis

Tower Semiconductor (NASDAQ/TASE: TSEM) announced its participation in the SPI Forum on November 4, 2020, highlighting its analog semiconductor solutions. Based in Migdal Haemek, Israel, the company operates three manufacturing facilities in Japan, focusing on collaborations with local semiconductor firms. During the online conference, Kenji Tateiwa will present about advanced analog foundry solutions. Tower aims to address the needs of semiconductor companies globally with cutting-edge technologies.

Tower Semiconductor announced its online 2020 Technical Global Symposium on October 14, 2020, featuring a series of webinars showcasing its advanced analog technologies and manufacturing solutions. The event aims to highlight developments across RF, Power Management, and Sensor platforms, offering insights into industry needs such as IoT and 5G. Key sessions scheduled include discussions on Silicon Photonics, high voltage technologies, and sensor advancements, taking place between November 9 and November 23, 2020.

Tower Semiconductor (NASDAQ: TSEM) will release its third quarter 2020 earnings on November 12, 2020. The company will host a conference call at 10:00 a.m. Eastern Time to discuss financial results and guidance for Q4 2020, alongside details about a recent cyber event and recovery efforts. Tower expects third-quarter revenues to stay within its previously announced guidance range, suggesting stability post-cyber incident. The call will be accessible via their Investor Relations website.

Tower Semiconductor (NASDAQ/TASE: TSEM) reported a cyber incident affecting its IT security systems on September 6, 2020. As a precautionary measure, the company halted operations in some manufacturing facilities and servers in a controlled manner. Tower is collaborating with law enforcement and cybersecurity experts to address the situation and has notified relevant authorities. Currently, the actual impact on business operations remains unclear, but the company is implementing strategies to contain the incident and prevent further issues.

Tower Semiconductor (NASDAQ/TASE: TSEM) has unveiled a groundbreaking radio frequency (RF) switch technology aimed at enhancing 5G and high-performance RF applications. This innovative switch boasts a record figure of merit, Ron x Coff of less than 10 femtoseconds, compared to the current 70-100 femtoseconds typical in advanced applications. The switch operates across a wide frequency range, offering low insertion loss and minimal device size, while being nonvolatile, making it ideal for IoT and other power-sensitive applications. MPWs will be available in 2021, with the technology being presented at IMS 2020.

Tower Semiconductor (NASDAQ/TASE: TSEM) announced its participation in The Virtual Sensor Show & Congress 2020, where Mr. AJ ElJallad will present on July 23, 2020. The presentation will focus on IoT sensors tailored for industrial environments, showcasing how advanced devices can be integrated into standard CMOS platforms. These sensors are designed for harsh conditions, featuring AI-enhanced capabilities for automation and IoT connectivity. This event highlights Tower's commitment to innovative non-imaging sensor technology addressing diverse global market needs.

Tower Semiconductor (NASDAQ: TSEM) will release its Q2 2020 earnings on July 29, 2020. A conference call will follow at 10:00 a.m. ET to discuss financial results and guidance for Q3 2020. The call will be available via webcast and phone. Tower Semiconductor specializes in high-value analog semiconductor solutions and operates multiple manufacturing facilities globally. The company focuses on markets such as consumer, automotive, and medical, providing technology platforms for integrated circuits.

Tower Semiconductor (NASDAQ/TASE: TSEM) announced its participation in AutoSensONLINE 2020. The online presentation titled “Automotive Radar: Technologies and Tradeoffs” will be delivered by Amol Kalburge on June 11, 2020, at 16:30 BST. The discussion will highlight the significant role of radar technology in automotive safety and the integration challenges faced as vehicles become more autonomous. Tower’s advanced technology solutions position it to support the growing automotive semiconductor market.

Tower Semiconductor (NASDAQ: TSEM) reported first-quarter 2020 revenues of $300 million, marking a 10% year-over-year organic growth. Despite a revenue reduction from Panasonic, the company achieved gross profits of $53 million and net profit of $17 million. Cash from operations was $68 million, with fixed asset investments of $63 million. Tower forecasts sequential revenue growth to $310 million for Q2 2020. The company’s corporate credit rating remains stable at ilAA-. A teleconference will be held to discuss these results and outlook.