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Last $15.46 USD
Change Today -0.16 / -1.02%
Volume 319.1K
As of 2:55 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

tower semiconductor ltd (TSEM) Snapshot

Open
$15.62
Previous Close
$15.62
Day High
$15.65
Day Low
$15.33
52 Week High
03/17/15 - $18.29
52 Week Low
10/13/14 - $8.64
Market Cap
1.2B
Average Volume 10 Days
1.1M
EPS TTM
$-0.54
Shares Outstanding
77.0M
EX-Date
09/24/97
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TOWER SEMICONDUCTOR LTD (TSEM)

tower semiconductor ltd (TSEM) Related Businessweek News

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tower semiconductor ltd (TSEM) Details

Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures analog intensive mixed-signal semiconductor devices in the United States, Asia, and Europe. It produces integrated circuits (ICs) primarily based on third party designs, as well as provides design support and related technical services. The company also offers various customizable process technologies, including silicon- germanium bipolar complementary metal oxide semiconductor (CMOS), mixed-signal/CMOS, radio frequency CMOS, CMOS image sensor, integrated power management, and micro-electro-mechanical systems. Its ICs are used in various products in various markets, such as consumer electronics, personal computers, communications, automotive, industrial, and medical device products. The company offers its foundry services to fabless semiconductor companies and independent device manufacturers. Tower Semiconductor Ltd. was founded in 1993 and is headquartered in Migdal Haemek, Israel.

tower semiconductor ltd (TSEM) Top Compensated Officers

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tower semiconductor ltd (TSEM) Key Developments

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

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

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%.

Tower Semiconductor Ltd. announced delayed 20-F filing

On 04/30/2015, Tower Semiconductor Ltd. announced that they will be unable to file their next 20-F by the deadline required by the SEC.

 

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