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 (TSEM) is a global leader in specialty analog and mixed-signal semiconductor manufacturing. This page serves as the definitive source for official company announcements, financial updates, and technology developments. Investors and industry professionals will find timely updates on earnings reports, strategic partnerships, product innovations, and operational milestones.
Our curated collection features press releases covering quarterly financial results, manufacturing expansions, and technology partnerships across automotive, industrial, and consumer electronics sectors. Stay informed about TSEM's advancements in RF solutions, power management ICs, and CMOS image sensor technologies through verified primary sources.
Key updates include executive leadership changes, regulatory filings, and capacity expansion announcements from Tower Semiconductor's global fabrication facilities. Bookmark this page for direct access to critical information affecting the company's market position and semiconductor industry trends.
Tower Semiconductor (NASDAQ: TSEM) reported a strong performance for Q2 2022, achieving revenue of $426 million, up 18% year-over-year, with organic growth at 30%. Gross profit reached $112 million, a 52% increase from the prior year. Operating profit more than doubled to $71 million, while net profit surged by 88% to $58 million, translating to $0.53 per share. Cash flow from operations was robust at $138 million, with a net investment in fixed assets of $49 million. The company did not provide revenue guidance for Q3 2022 following its agreement with Intel.
Cadence Design Systems (CDNS) and Tower Semiconductor (TSEM) announced a collaboration to enhance automotive and mobile integrated circuit (IC) development. The partnership focuses on creating an automotive reference design flow using Cadence’s Virtuoso and Spectre platforms, aimed at speeding up design cycles while ensuring compliance with ISO 26262 standards. This initiative is expected to leverage Cadence's comprehensive design tools and Tower's analog technology, strengthening their offerings in the automotive market for applications such as EVs and ADAS systems.
Tower Semiconductor (NASDAQ: TSEM) announced it will release its second quarter 2022 earnings on August 2, 2022. Notably, due to a transaction with Intel, the company will not provide guidance for the third quarter and will forego an earnings conference call. Tower specializes in high-value analog semiconductor solutions, catering to various sectors including consumer, automotive, and medical, and operates multiple manufacturing facilities globally.
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.
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.
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