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Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM) is a leading global manufacturer of analog integrated circuits, catering to over 300 customers worldwide. The company operates in diverse and rapidly growing markets such as consumer electronics, automotive, medical, industrial, and aerospace & defense. Tower Semiconductor specializes in advanced specialty technologies, including radio frequency (RF), high performance analog (HPA), integrated power management, CMOS image sensors, and mixed-signal/CMOS, as well as micro-electro-mechanical systems (MEMS) capabilities.
To support its customers' design needs, Tower Semiconductor provides world-class design enablement tools that ensure a swift and efficient design process. Additionally, the company offers Transfer Optimization and Development Process Services (TOPS™) to IDMs and fabless companies, helping them expand their capacity or secure second sourcing.
Tower Semiconductor operates several state-of-the-art manufacturing facilities across the globe. These include two fabs in Israel (150mm and 200mm), two in the U.S. (200mm), and three in Japan (two 200mm and one 300mm) through TowerJazz Panasonic Semiconductor Co. (TPSCo). This extensive network ensures multi-fab sourcing and global capacity assurance for their customers.
Recent achievements highlight Tower Semiconductor's commitment to innovation and excellence. The company continues to push the boundaries of analog technology, creating sustainable and long-lasting partnerships with clients. Their cutting-edge process platforms include SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, integrated power management (BCD and 700V), and MEMS. Tower Semiconductor is also known for its reliable design and technical support, assisting clients from the initial design phase through to full-scale manufacturing.
For the latest updates and detailed financial information about Tower Semiconductor, you can visit their official website or contact their Investor Relations team.
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.
Tower Semiconductor (NASDAQ/TASE: TSEM) has partnered with Novosense to develop a new automotive-grade hall sensor, the NSM2011, utilizing Tower's advanced 180nm analog platform. This product targets the growing electric vehicle market, projected to reach ~30 million units by 2024. The hall sensor, designed for On-Board Charging units, boasts superior performance with low noise and high precision, making it ideal for high-temperature automotive environments. The market value for hall sensors is anticipated to hit ~$1.6 billion by 2022, indicating significant growth potential for this collaboration.
Tower Semiconductor (TSEM) and Cadence Design Systems announced the launch of a silicon-validated SP4T RF-SOI switch reference design flow. This innovative solution, utilizing the Cadence Virtuoso Design Platform, aims to streamline the design process for advanced 5G wireless, wireline, and automotive ICs. The collaboration enhances design capabilities by integrating custom IC design tools, multiphysics analysis, and electromagnetic simulations, allowing faster design closure. This development strengthens Tower's position in high-performance analog solutions, benefiting joint customers with increased design confidence.
Tower Semiconductor (NASDAQ: TSEM) reported record second quarter revenue of $362 million, reflecting a 17% total and 26% organic year-over-year growth. The company guided a third quarter revenue of $385 million, translating to 24% total and 38% organic growth. Key highlights include a significant increase in gross profit to $74 million and net profit rising to $31 million, up 62% year-over-year. Tower also expanded its capacity expansion plan by $100 million and established a partnership with ST Microelectronics to triple its 300mm capacity.
Tower Semiconductor (NASDAQ: TSEM) is set to release its second quarter 2021 earnings on August 2, 2021. A subsequent conference call will discuss the earnings results and provide guidance for the third quarter at 10:00 a.m. Eastern Time on the same day. The call will be accessible via the Investor Relations section of the Tower Semiconductor website. This release highlights the company’s role as a leading foundry in the high-value analog semiconductor market, emphasizing its diverse manufacturing capabilities across multiple facilities.
STMicroelectronics and Tower Semiconductor announced a partnership to accelerate the ramp-up of the Agrate R3 300mm fab in Italy, enhancing semiconductor production efficiency. ST will manage the operations while Tower installs equipment in one-third of the facility. This collaboration aims to expedite the fab's qualification and production, significantly improving utilization rates from early production stages. The fab is set to manufacture advanced technologies for automotive, industrial, and personal electronics applications, addressing supply tensions in these sectors.
Tower Semiconductor (NASDAQ/TASE: TSEM) announced key technology presentations at IMS 2021 and the RFIC conference, showcasing innovations in 5G, satellite communications, and quantum computing. The highlighted papers emphasize breakthrough RF and millimeter-wave technologies, including low noise amplifiers and novel RF switch configurations. Tower will also participate in a virtual exhibitor talk on June 21, discussing their 5G solutions. For more details on presentations and scheduled sessions, visit the event website.
Tower Semiconductor (NASDAQ: TSEM) reported a record revenue of $347 million for Q1 2021, representing 21% organic growth and 16% total growth year-over-year. The company anticipates Q2 2021 revenue of $360 million, reflecting 26% year-over-year organic growth. Significant improvements were noted in gross profit ($70 million, up 33%), operating profit ($32 million, 2X year-over-year), and net profit ($28 million, $0.26 EPS). Tower's capacity expansion plan includes $150 million in purchase orders for manufacturing tools. Standard & Poor’s reaffirmed a stable credit rating of "ilAA-."
AIStorm and Tower Semiconductor have partnered to introduce AI-in-Imager technology, leveraging Tower's Hi-K VIA capacitor memory for real-time machine learning in edge imagers. This technology enables AI computation directly at the pixel level, reducing power consumption and costs associated with traditional digital systems. The AI edge market is projected to grow significantly, from $6.72 billion in 2022 to $66.3 billion by 2025. AIStorm's solutions aim for superior performance in various devices, including handsets and IoT, enhancing 'always-on' functionality.
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