Tower Semiconductor (NASDAQ: TSEM) hits 5M coherent photonic IC milestone

Rhea-AI Filing Summary

Tower Semiconductor reported a production milestone in partnership with Marvell Technology, shipping over five million coherent photonic integrated circuits (PICs) to Marvell’s global customers. These advanced chips target the growing bandwidth and energy-efficiency needs of AI-driven data center interconnect networks.

The company highlights its silicon photonics platform, which supports complex coherent PICs that must control phase and polarization of light, not just amplitude. Tower and Marvell have collaborated on next-generation coherent technologies, including integrating non-silicon materials, 3D integration of electronics and advanced optical packaging such as V-Grooves to extend performance and functionality.

Tower also reiterates its position as a foundry for high-value analog semiconductor solutions across consumer, industrial, automotive, infrastructure, medical and aerospace and defense markets, supported by multiple 200mm and 300mm fabrication facilities in Israel, the U.S., Japan and a shared 300mm facility in Italy.

Key Figures

Coherent PICs shipped: over five million units Israel fabs: 1 operating facility (200mm) U.S. fabs: 2 operating facilities (200mm) +3 more

6 metrics

Coherent PICs shipped over five million units Shipped to Marvell global customers

Israel fabs 1 operating facility (200mm) Located in Israel

U.S. fabs 2 operating facilities (200mm) Located in the United States

Japan fabs 2 facilities (200mm and 300mm) Owned through 51% holdings in TPSCo

Italy shared fab 1 shared 300mm facility Shared with STMicroelectronics in Agrate, Italy

TPSCo ownership 51% holdings Ownership stake in TPSCo for Japan fabs

Key Terms

coherent photonic integrated circuits, silicon photonics platform, data center interconnect (DCI), 3D integration of electronics, +2 more

6 terms

coherent photonic integrated circuits technical

"the company, in partnership with Marvell Technology, has shipped over five million coherent photonic integrated circuits (PICs)"

silicon photonics platform technical

"Tower’s advanced silicon photonics platform enables high-bandwidth, energy-efficient data center connectivity"

data center interconnect (DCI) technical

"to address the growing bandwidth and efficiency demands of AI-driven data center interconnect (DCI) networks"

Data center interconnect (DCI) are the high-capacity network links and equipment that tie separate data centers together so they function like one larger facility, moving large volumes of information quickly and reliably. Think of it as wide, fast highways between warehouses that let goods be shifted instantly; for investors it matters because DCI capacity and reliability influence cloud and hosting revenue, operating costs, outage risk and the need for ongoing infrastructure spending.

3D integration of electronics technical

"including process capabilities, such as the integration of non-silicon materials, the 3D integration of electronics"

V-Grooves technical

"the enablement of advanced optical packaging such as V-Grooves, which serve to extend the performance"

forward-looking statements regulatory

"This press release includes forward-looking statements, which are subject to risks and uncertainties"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

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Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of June 2026 No.2

Commission File Number 0-24790

TOWER SEMICONDUCTOR LTD.

(Translation of registrant's name into English)

Ramat Gavriel Industrial Park

P.O. Box 619, Migdal Haemek, Israel 2310502

(Address of principal executive offices)

           Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒             Form 40-F ☐

On June 18, 2026, the Registrant and and Marvell Ship Over Five Million Coherent Photonic ICs

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	TOWER SEMICONDUCTOR LTD.
Date: June 18, 2026	By:	/s/ Nati Somekh
		Name: Nati Somekh
		Title:  Corporate Secretary

          

Tower Semiconductor and Marvell Ship Over Five Million Coherent Photonic Ics

Tower’s advanced silicon photonics platform enables high-bandwidth,
 energy-efficient data center connectivity

MIGDAL HAEMEK, Israel, June 18, 2026 - Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry for high-value analog semiconductor solutions, today announced a significant milestone. The company, in partnership with Marvell Technology, has shipped over five million coherent photonic integrated circuits (PICs) to Marvell global customers, delivering advanced, high-performance photonics solutions to address the growing bandwidth and efficiency demands of AI-driven data center interconnect (DCI) networks.

Coherent PICs are complex because they must control the phase and polarization of light, not just the amplitude. The design and process requirements for these PICs are far more stringent compared to simpler direct-detect chips.

“As optical transceiver applications and requirements continue to evolve, photonics platforms must evolve to meet these requirements. This is especially true in the area of coherent optical transceivers,” said Dr. Ed Preisler, Vice President and General Manager of the RF Business Unit at Tower Semiconductor. “We are proud to collaborate with Marvell to stay at the forefront in this field.”

Tower has collaborated with Marvell to advance next-generation coherent technologies, including process capabilities, such as the integration of non-silicon materials, the 3D integration of electronics and the enablement of advanced optical packaging such as V-Grooves, which serve to extend the performance and functionality of silicon photonics platforms.

“This milestone demonstrates the strength of our collaboration,” said Dr. Radha Nagarajan, Senior Vice President and Chief Technology Officer, Optical Engineering, at Marvell. “As one of our key ecosystem partners, we look forward to continue working with the Tower team to advance next-generation coherent technologies for scale-across data center architectures, providing customers with the latest efficient, high-performance photonics technologies to power their advanced AI workloads.”

For additional information about Tower Semiconductor’s SiPho technology platform, visit here.

For additional information about Marvell, visit here.

About Tower Semiconductor

Tower Semiconductor Ltd. (NASDAQ/TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, provides technology, development, and process platforms for its customers in growing markets such as consumer, industrial, automotive, mobile, infrastructure, medical and aerospace and defense. Tower Semiconductor focuses on creating a 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 SiPho, SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, non-imaging sensors, displays, 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 currently owns one operating facility in Israel (200mm), two in the U.S. (200mm), and two in Japan (200mm and 300mm) which it owns through its 51% holdings in TPSCo and shares a 300mm facility in Agrate, Italy with STMicroelectronics. For more information, please visit: www.towersemi.com.

Safe Harbor Regarding Forward-Looking Statements

This press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect Tower’s business is included under the heading “Risk Factors” in Tower’s most recent filings on Forms 20-F, F-3, F-4 and 6-K, as were filed with the Securities and Exchange Commission (the “SEC”) and the Israel Securities Authority. Tower does not intend to update, and expressly disclaim any obligation to update, the information contained in this release. 

###

Tower Semiconductor Company Contact:  Orit Shahar | +972-74-7377440 | oritsha@towersemi.com

Tower Semiconductor Investor Relations Contact:  Liat Avraham | +972-4-6506154 | liatavra@towersemi.com

FAQ

What milestone did Tower Semiconductor (TSEM) announce with Marvell?

Tower Semiconductor and Marvell announced shipping over five million coherent photonic integrated circuits. These advanced chips support high-bandwidth, energy-efficient connectivity for AI-driven data center interconnect networks, marking a notable production milestone for their silicon photonics collaboration.

How do Tower Semiconductor and Marvell work together on photonics?

Tower collaborates with Marvell to develop next-generation coherent photonic technologies. Their work includes integrating non-silicon materials, implementing 3D integration of electronics, and enabling advanced optical packaging like V-Grooves to enhance silicon photonics performance and functionality for demanding optical transceivers.

What markets does Tower Semiconductor (TSEM) focus on serving?

Tower Semiconductor focuses on high-value analog semiconductor solutions for consumer, industrial, automotive, mobile, infrastructure, medical, and aerospace and defense markets. It offers customizable process platforms such as SiPho, SiGe, BiCMOS, RF CMOS, CMOS image sensors, power management and MEMS technologies.

What manufacturing footprint does Tower Semiconductor operate?

Tower operates one 200mm facility in Israel, two 200mm fabs in the U.S., and two fabs in Japan (200mm and 300mm) through its 51% stake in TPSCo. It also shares a 300mm facility in Agrate, Italy with STMicroelectronics to provide multi-fab sourcing and extended capacity.

Why are coherent photonic ICs important for AI data centers?

Coherent photonic ICs are crucial because they manage phase and polarization of light, enabling higher bandwidth and longer-distance links. This supports AI-driven data center interconnect networks that require fast, energy-efficient communication between compute clusters running intensive workloads.