Tower Semiconductor Ltd Stock Price, News & Analysis

Intel Corporation is set to acquire Tower Semiconductor for $53 per share, totaling approximately $5.4 billion. This acquisition aligns with Intel's IDM 2.0 strategy, enhancing its foundry services amid rising semiconductor demand. The purchase aims to combine Intel's advanced manufacturing capabilities with Tower's specialized technology, creating a comprehensive foundry offering. Post-acquisition, the deal is expected to be immediately accretive to Intel's non-GAAP EPS and is anticipated to close in about 12 months, pending regulatory approvals.

Tower Semiconductor (NASDAQ: TSEM) will release its fourth quarter and fiscal year 2021 earnings on February 17, 2022. A conference call to discuss the financial results and first-quarter 2022 revenue guidance will take place at 10:00 a.m. ET on the same day. The call will be accessible via webcast and through phone, with a replay available for 90 days. Tower Semiconductor specializes in analog semiconductor solutions and operates several manufacturing facilities in Israel, the U.S., Japan, and Italy, focusing on serving diverse markets including automotive and medical.

Tower Semiconductor (NASDAQ: TSEM) and Juniper Networks (NYSE: JNPR) have launched the world’s first silicon photonics foundry-ready process, integrating III-V lasers, amplifiers, modulators, and detectors. This innovation enhances optical connectivity for datacenters and telecom networks and supports AI and LiDAR applications. The silicon photonics transceiver market is projected to grow at a CAGR of 40%, exceeding $5B by 2025. Process design kits will be available by year-end, with 400Gb/s and 800Gb/s photonic integrated circuits expected in Q2 2022.

Tower Semiconductor (NASDAQ: TSEM) reported record revenue of $387 million for Q3 2021, achieving a 25% year-over-year growth, with 40% organic growth. Gross profit surged by 60% YoY to $85 million, while net profit reached $39 million, up 157% YoY. The company generated $107 million in cash from operations and repaid $29 million in debt. For Q4 2021, Tower guides revenue to $410 million, indicating 19% total growth and 26% organic growth. CEO Russell Ellwanger expressed confidence in sustained growth, projecting a revenue run rate exceeding $1.6 billion for the year.

Tower Semiconductor has partnered with Anello Photonics to introduce a new low-loss Silicon Optical Waveguide technology designed for diverse applications including automotive LiDAR, bio-sensing, quantum computing, and artificial intelligence. This innovative process achieves 0.005dB/cm propagation loss at 1550nm wavelengths, significantly outperforming existing methods. The partnership, ongoing for 18 months, aims for commercialization in Q1 2022, potentially revolutionizing the optical device market.

Tower Semiconductor (NASDAQ/ TASE: TSEM) is set to release its third quarter 2021 earnings on November 08, 2021. A conference call will follow at 10:00 a.m. Eastern Time to discuss financial results and fourth quarter guidance. This call can be accessed via its website or through specific phone numbers provided. Tower Semiconductor is a foundry specializing in high-value analog semiconductor solutions, catering to various industries including automotive and medical.

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.