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: 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.