tower semiconductor ltd (TSEM) Key Developments
TowerJazz and Anatrix Develop RadHard RF ASIC
Jul 8 15
TowerJazz and Anatrix developed a Radiation Hardened (RadHard) by Design RF front end ASIC (application specific integrated circuit) utilizing TowerJazz's 0.18-micron SiGe BiCMOS (SBC18HA) process through its U.S. Aerospace & Defense business unit in its Newport Beach, CA facility. The new ASIC has produced RF phase detection with integrated controller functions. Anatrix's proprietary RadHard by Design methodology allows its customers to achieve program radiation tolerance specifications without expensive and time consuming overdesign. The Anatrix methodology creates the optimum trade for customers between total ionizing dose, single event effects tolerance and cost. Anatrix has an extensive silicon verified RadHard by design IP portfolio on TowerJazz's 180nm CMOS and SiGe processes in its Newport Beach, CA facility and is currently extending its development into TowerJazz's 130nm processes. TowerJazz's modular 0.18-micron SiGe BiCMOS platform incorporates high-speed, standard, and high breakdown SiGe bipolar transistors, or SiGe NPNs, for low noise, high switching speeds and better linearity than can be achieved with a typical 0.18-micron CMOS offering, for applications where those features are required. With capacity expansion and new technologies in areas such as high-speed SiGe, Readout Integrated Circuits (7ML and 8ML ROICs), imaging, and MEMS, TowerJazz continues to demonstrate its ongoing commitment to its A&D customers.
Tower Semiconductor Ltd. Presents at 7th Annual CEO Investor Summit 2015, Jul-15-2015
Jul 1 15
Tower Semiconductor Ltd. Presents at 7th Annual CEO Investor Summit 2015, Jul-15-2015 . Venue: W Hotel, San Francisco, California, United States. Speakers: Russell C. Ellwanger, Chief Executive Officer, Chairman of Tower Semiconductor USA Inc, Chairman of Jazz Technologies Inc, Chairman of Jazz Semiconductor Inc and Chairman of Towerjazz Panasonic Semiconductor Co. Ltd.
BrightWay Vision Chooses TowerJazz for the Production of Gated Sensor for Automotive Imaging Applications
Jun 22 15
TowerJazz announced that BrightWay Vision has chosen its TS18IS CMOS image sensor (CIS) technology to manufacture image sensors for its patented automotive cameras, specifically forward looking cameras in vehicles, to allow visibility in all weather conditions. BrightWay Vision has developed BrightEye, an Advanced Driver Assistance Systems (ADAS) camera for day and night-time forward facing driver assistance functions based on patented gated imaging technology.
TowerJazz and the University of California, San Diego Announces the Collaboration to Demonstrate the First 256-Element (16 X 16) Wafer-Scale Phased Array Transmitter
May 14 15
TowerJazz and The University of California, San Diego (UCSD), announced they have collaborated to demonstrate the first 256-element (16 x 16) wafer-scale phased array transmitter with integrated high-efficiency antennas operating at 56-65 GHz frequency range. In addition, TowerJazz proprietary methods allowed for very large chip area with an extremely high level of integration. The phased-array system-on-a-chip (SoC) targets the emerging 5G high-performance wireless standard which will aim for greater than 10 Gbps (gigabits per second) peak data-rate communication. The array has beamforming capabilities that include independent amplitude and phase control for all 256 different antenna elements. By developing this wafer-scale chip, UCSD and TowerJazz have successfully demonstrated highly scalable RF-IC transmitters for 5G phased array applications. The collaboration of the wafer-scale phased array chip was partially funded through collaboration with DARPA. Phased arrays allow the electronic steering of an antenna beam in any direction and with high antenna gain by controlling the phase at each antenna element. The radiation beam can be moved in space using entirely electronic means through control of the phase and amplitude at each antenna element used to generate the beam. This beam steering technique is much more compact and much faster than mechanically steered arrays. Furthermore, phased arrays allow the creation of deep nulls in the radiation pattern to mitigate strong interference signals from several different directions. They have been in use since the 1950s in defense applications and have seen limited use in commercial systems due to their relatively high cost. UCSD’s design and utilization of TowerJazz wafer processes are targeted to greatly reduce the cost of phased arrays especially at millimeter-wave frequencies for 5G communication systems.
Tower Semiconductor Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Revenue Guidance for the Second Quarter Ending June 30, 2015
May 13 15
Tower Semiconductor Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues of $226,217,000 compared to $132,653,000 a year ago. Operating profit was $1,994,000 compared to operating loss of $86,697,000 a year ago. Loss before income tax was $86,244,000 compared to profit before income tax of $36,367,000 a year ago. Net loss was $73,064,000 or $1.15 per basic share compared to net profit of $38,821,000 or $0.01 per basic share a year ago. On non-GAAP basis, the company reported operating profit of $51,336,000 compared to $27,470,000 a year ago. Profit before income tax was $47,694,000 compared to $19,496,000 a year ago. Net profit was $49,516,000 or $0.78 per basic share compared to $19,496,000 or $0.40 per basic share a year ago. EBITDA, which is akin to non-GAAP operating profit, was $51 million for the first quarter, 86% higher than in the first quarter of 2014. The company reported cash from operations, excluding interest payments of $43,986,000. Net debt as of March 31, 2015 was reduced to $162 million, significantly lower than the net debt of $406 million as of March 31, 2014, resulting in a net debt to EBITDA ratio of 0.8X. The main reason for the loss was $85 million in non-cash financing expenses, due to accelerated conversion of Tower convertible bonds.
The company expects revenues for the second quarter of 2015 ending June 30, 2015 to be $235 million with an upward or downward range of 5%.