Tower Semiconductor Ltd Stock Price, News & Analysis

Tower Semiconductor (NASDAQ/TASE: TSEM) announced the world’s first integration of GaAs quantum dot lasers on its silicon photonics platform, PH18DB, aimed at enhancing optical transceiver modules for data centers and telecom networks. The market for silicon photonics transceivers is projected to grow at CAGR of 24%, reaching $9B by 2025. This new platform incorporates a semiconductor optical amplifier, enabling dense photonic integrated circuits on a single silicon chip. Initial process design kits are available through a partnership with DARPA, with multi-project wafers planned for 2023-2024. Tower will exhibit this technology at the Optical Fiber Conference on March 7-9, 2023.

Tower Semiconductor (NASDAQ: TSEM) announced a strong financial performance for full year 2022, with revenue reaching $1.68 billion, an 11% increase from $1.51 billion in 2021. The net profit surged 76% to $265 million, translating to a 16% net margin. In Q4 2022, revenue was $403 million, slightly down from $412 million in the previous year, yet organic revenue rose by 6%. The report also highlighted a 42% increase in gross profit year-over-year.

Despite restructuring due to the cessation of Arai's operations, the company reported operating profit of $99 million in Q4 2022, marking 77% growth year-over-year.

Tower Semiconductor (NASDAQ: TSEM) announced it will release its Q4 and fiscal year 2022 earnings on February 16, 2023. The company, a leading foundry for high-value analog semiconductor solutions, will not provide guidance for Q1 2023 and will not hold an earnings conference call, following a transaction with Intel. Tower Semiconductor specializes in integrated circuits for diverse markets including consumer, automotive, and medical. With facilities in Israel, the U.S., Japan, and Italy, the company focuses on advanced and innovative analog technology and design enablement.

Tower Semiconductor (NASDAQ: TSEM) announced strong Q3 2022 results with revenue of $427 million, marking a 10% increase from Q3 2021. The gross profit surged to $125 million, a 46% rise year-over-year, supporting a net profit of $69 million and a net margin of 16.2%, exceeding 2022 targets. Operating profit reached $79 million, up 79% from the previous year. Notably, operating cash flow was $122 million, with $45 million invested in fixed assets. The company did not provide guidance for Q4 due to its agreement with Intel.

Tower Semiconductor (NASDAQ: TSEM) will announce its third quarter 2022 earnings on November 14, 2022. The company, a leader in high-value analog semiconductor solutions, has opted not to provide guidance for Q4 2022 due to its recent transaction with Intel. This decision also means there will be no accompanying earnings conference call. Tower Semiconductor specializes in integrated circuits for various markets, including automotive and medical, and operates multiple manufacturing facilities in Israel, the U.S., Japan, and Italy.

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.