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 (NASDAQ/TASE: TSEM) is a pure-play specialty semiconductor foundry focused on high-value analog semiconductor solutions. News related to Tower Semiconductor often centers on its technology platforms, collaborations with customers and partners, and its role in markets such as consumer, industrial, automotive, mobile, infrastructure, medical, and aerospace and defense.
Recent announcements highlight collaborations in Silicon Photonics (SiPho) and power management, including work on AI datacenter fabrics, optical interconnects, and high-efficiency power conversion for servers and AI compute systems. Other news items describe silicon photonics-based FMCW LiDAR for automotive and Physical AI applications, high-speed imaging solutions with embedded analog AI, and wafer-scale 3D-IC integration that combines SiPho and SiGe BiCMOS processes for Co-Packaged Optics and data center applications.
Investors and industry followers can also find updates on Tower Semiconductor’s participation in global technology and investor conferences, as well as its Technical Global Symposium series, which showcases its analog, RF, sensor, display, power management, and photonics capabilities. Earnings releases and Form 6-K filings provide additional context on the company’s operations and strategic focus.
This news page aggregates these developments, offering a single view into Tower Semiconductor’s ongoing technology announcements, market collaborations, financial updates, and corporate events. Users interested in analog foundry technologies, silicon photonics, RF, sensors, and power management can use this feed to follow how Tower Semiconductor’s platforms are being applied across AI, connectivity, automotive, and industrial markets.
Tower Semiconductor (NASDAQ/TASE: TSEM) is set to release its first quarter 2023 earnings on May 15, 2023. In a recent announcement, the company stated that it will not provide guidance for the second quarter of 2023 and will not hold an earnings conference call due to its ongoing transaction with Intel. Tower Semiconductor is recognized as a leading foundry specializing in high-value analog semiconductor solutions, catering to various growth sectors including consumer, industrial, automotive, and medical markets. The company operates multiple manufacturing facilities globally, ensuring extensive sourcing and capacity for its products. For further information, visit towersemi.com.
Tower Semiconductor (NASDAQ/TASE: TSEM) and Teramount have announced a collaboration to advance optical connectivity solutions for high-bandwidth applications. Utilizing Teramount's ‘PhotonicPlug’ technology and Tower’s ‘Bump-ready’ silicon photonic wafers, this partnership aims to simplify assembly and improve scalability in data transport solutions for datacenters and telecom networks. The ‘Bump-ready’ wafers integrate seamlessly with the ‘PhotonicPlug’ connectors, addressing critical bottlenecks in the adoption of silicon photonics. This innovation is set to enhance the production of devices like transceivers and high-bandwidth switches, essential for emerging applications in AI and sensors.
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.