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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: TSEM) reported strong financial results for Q4 2020, with revenues of $345 million, marking an 11% increase quarter over quarter and a 13% increase year over year. The company anticipates a 15% revenue growth for Q1 2021, driven by robust demand and a capacity expansion of 200mm and 300mm. Organic growth reached 20% q/q and 17% y/y. Net profit stood at $31 million, up from $15 million in the prior quarter. Tower highlights positive customer forecasts and expects sequential growth throughout 2021, positioning itself for a record revenue year.
Tower Semiconductor (NASDAQ/TASE: TSEM) announced its participation in the DARPA LUMOS program, focusing on creating an integrated-laser-on-silicon photonics process. This initiative, supported partially by DARPA, aims to enhance high-speed communications through a combination of III-V laser diodes and Tower's PH18 production silicon photonics platform.
The project targets improved laser density, reduced coupling losses, and simplified packaging, enabling the development of new products for commercial and defense applications.
Tower Semiconductor (NASDAQ/TASE: TSEM) and Alpine Optoelectronics have commenced production of the 400G PAM4 nCP4™ optical engine using Tower's PH18 Silicon Photonics technology. This chip facilitates high-speed data transfer in data centers by converting 56Gbaud electrical input into optical output for 400Gbps DR4 transceivers. The market for Silicon Photonics-based optical transceivers is anticipated to grow at an annual rate of 45%, reaching a size of 3.9 billion USD by 2025. Tower's platform features optical components that enhance photonic product development.
Tower Semiconductor (NASDAQ: TSEM) has announced the ramp-up to mass production of GMEMS MEMS microphones at its 0.18um flow, specifically developed for GMEMS products. This strategic partnership aims to meet the growing demand for advanced microphones in the earbuds and cellphone markets. The MEMS microphone market is projected to grow from $1.2B in 2019 to $1.7B by 2024, reflecting a CAGR of 6.6%. Tower's manufacturing capabilities ensure high volume production and reliability, enhancing GMEMS's market position with smaller, advanced microphone solutions.
Tower Semiconductor (NASDAQ: TSEM) and Opix have developed a cutting-edge iToF technology platform for 3D imaging and face recognition, designed for various fast-growing markets including mobile and AR/VR. This innovative sensor, currently in prototyping, features a 5µm pixel array with 640x480 resolution and utilizes advanced pixel-level stacked BSI technology. The product is expected to meet the rigorous demands of 3D imaging applications, demonstrating Tower's commitment to leading in imaging solutions. This collaboration highlights the company's capabilities in high-performance analog semiconductor solutions.
Tower Semiconductor (NASDAQ/TASE: TSEM) announced its participation in ICCAD 2020 in Chongqing, China on December 10-11, 2020. Mr. Lei Qin will present on Advanced Analog IC Solutions in 5G Applications, showcasing the company's RF & HPA platform. The exhibition will feature advanced analog technology solutions for the growing Chinese market, including RF & HPA, Power Management, CMOS Image Sensors, and Non-Imaging technology, at booths 061-062 in Hall S2. Tower Semiconductor focuses on delivering innovative IC design and manufacturing, serving various industries.
Tower Semiconductor (NASDAQ/TASE: TSEM) announced its participation in the SPI Forum on November 4, 2020, highlighting its analog semiconductor solutions. Based in Migdal Haemek, Israel, the company operates three manufacturing facilities in Japan, focusing on collaborations with local semiconductor firms. During the online conference, Kenji Tateiwa will present about advanced analog foundry solutions. Tower aims to address the needs of semiconductor companies globally with cutting-edge technologies.
Tower Semiconductor announced its online 2020 Technical Global Symposium on October 14, 2020, featuring a series of webinars showcasing its advanced analog technologies and manufacturing solutions. The event aims to highlight developments across RF, Power Management, and Sensor platforms, offering insights into industry needs such as IoT and 5G. Key sessions scheduled include discussions on Silicon Photonics, high voltage technologies, and sensor advancements, taking place between November 9 and November 23, 2020.
Tower Semiconductor (NASDAQ: TSEM) will release its third quarter 2020 earnings on November 12, 2020. The company will host a conference call at 10:00 a.m. Eastern Time to discuss financial results and guidance for Q4 2020, alongside details about a recent cyber event and recovery efforts. Tower expects third-quarter revenues to stay within its previously announced guidance range, suggesting stability post-cyber incident. The call will be accessible via their Investor Relations website.
Tower Semiconductor (NASDAQ/TASE: TSEM) reported a cyber incident affecting its IT security systems on September 6, 2020. As a precautionary measure, the company halted operations in some manufacturing facilities and servers in a controlled manner. Tower is collaborating with law enforcement and cybersecurity experts to address the situation and has notified relevant authorities. Currently, the actual impact on business operations remains unclear, but the company is implementing strategies to contain the incident and prevent further issues.
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