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Tower Semiconductor Announces Second Quarter 2022 Earnings Release Date

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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.

Positive
  • Tower Semiconductor operates multiple manufacturing facilities globally, enhancing production capacity.
  • The company is positioned in growing markets like consumer electronics and automotive.
Negative
  • No guidance for Q3 2022 raises uncertainty for investors.
  • Absence of an earnings conference call may limit investor insights.

MIGDAL HAEMEK, Israel – July 13, 2022Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high value analog semiconductor solutions, will issue its second quarter 2022 earnings on Tuesday, August 02, 2022.

In light of the previously announced transaction with Intel, Tower will not provide guidance for the third-quarter 2022 and will not host an earnings conference call.

About Tower Semiconductor

Tower Semiconductor Ltd. (NASDAQ: TSEM, TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology and manufacturing platforms for integrated circuits (ICs) in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical, and aerospace and defense. Tower Semiconductor focuses on creating positive and sustainable impact on the world through long-term partnerships and its advanced and innovative analog technology offering, comprised of a broad range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, integrated power management (BCD and 700V), and MEMS. Tower Semiconductor also provides world-class design enablement for a quick and accurate design cycle as well as process transfer services including development, transfer, and optimization, to IDMs and fabless companies. To provide multi-fab sourcing and extended capacity for its customers, Tower Semiconductor owns two manufacturing facilities in Israel (150mm and 200mm), two in the U.S. (200mm), two facilities in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo and is sharing a 300mm manufacturing facility being established in Italy with ST Microelectronics. For information, please visit: www.towersemi.com.

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Contact Information:
Tower Semiconductor Investor Relations                        
Noit Levy, SVP Investor Relations                
noitle@towersemi.com         
+972 74 7377556                        

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FAQ

When will Tower Semiconductor release its Q2 2022 earnings?

Tower Semiconductor will release its Q2 2022 earnings on August 2, 2022.

What is the guidance for Q3 2022 from Tower Semiconductor?

Tower Semiconductor will not provide guidance for Q3 2022 due to a transaction with Intel.

Why is there no earnings conference call for Tower Semiconductor?

Tower Semiconductor will not host an earnings conference call following its agreement with Intel.

Tower Semiconductor Ltd

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Migdal Haemek