OverviewSuggest Edit
Tower Semiconductor (formerly known as TowerJazz) is a company that manufactures analog integrated circuits. It provides technology and manufacturing platforms for integrated circuits in the markets such as consumer, industrial, automotive, mobile, medical, aerospace, defense, etc. The company offers process technologies, including radio frequency, high-performance analog, integrated power management, complementary metal-oxide-semiconductor (CMOS) image sensors, non-imaging sensors, and mixed-signal CMOS, as well as micro-electro-mechanical systems capabilities.
| Type | Public | |
| Founded | 1993 | |
| HQ | Migdal HaEmek, IL | Map |
| Website | towersemi.com | |
| Employee Ratings | More | |
| Overall Culture | A- | More |
Recent NewsAll News
- Tower Semiconductor Announces First Quarter 2022 Earnings Release Date
- Tower Semiconductor Reports 2021 Fourth Quarter and Full Year Financial Results
- Intel to Acquire Tower Semiconductor for $5.4 Billion
- Tower Semiconductor Announces Fourth Quarter and Fiscal Year 2021 Financial Results and Conference Call
Key People/Management at Tower Semiconductor
Russell Ellwanger
Chief Executive Officer, Director
Oren Shirazi
Chief Financial Officer, Senior Vice President of Finance
Guy Eristoff
Senior Vice President, Chief Strategy Officer
Rafi Mor
Chief Operating Officer
Nati Somekh
Senior Vice President, Chief Legal Officer and Corporate Secretary
Itzhak Edrei
President
Tower Semiconductor Office Locations
Tower Semiconductor has offices in Migdal HaEmek, Netanya, Newport Beach, San Antonio and in 5 other locations
Migdal HaEmek, IL (HQ)
20 Sha'ul Amor Ave
Netanya, IL
Shoham House
Hamahshev 1 Street
Poleg Industrial Park
Shanghai, CN
Floor 3, Block2, No. 116, Lane572, Bibo Road, Zhangjiang Hi-tech Zone
Nagaokakyo, JP
1 Kotari-yakemachi
Seongnam, KR
#1005-1 10F, B dong, Uspace 1, 660, Daewangpangyo-ro, Sampyeong-dong, Bundang-gu
Taipei, TW
8F, No. 560, Section 4, Zhongxiao East Road, Xinyi District
Tower Semiconductor Financials and Metrics
Tower Semiconductor Revenue
Tower Semiconductor's revenue was reported to be $1.27 b in FY, 2020
| USD | |
|---|---|
Revenue (Q3, 2021) | 386.7m |
Gross profit (Q3, 2021) | 154.9m |
Net income (Q3, 2021) | 40.4m |
EBITDA (Q3, 2021) | 113.6m |
EBIT (Q3, 2021) | 44.2m |
Market capitalization (12-May-2022) | 1.8t |
Closing stock price (12-May-2022) | 161.8 |
Cash (30-Sept-2021) | 211.5m |
EV | 1.8t |
Tower Semiconductor's current market capitalization is ₪1.8 t.
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Revenue | 1.3b | 1.2b | 1.3b |
Cost of goods sold | (817.1m) | (806.3m) | (791.8m) |
Gross profit | 486.9m | 427.7m | 473.8m |
R&D expense | (73.1m) | (75.6m) | (78.3m) |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 310.1m | 306.1m | 312.1m | 300.2m | 310.1m | 310.2m | 347.2m | 362.1m | 386.7m |
Cost of goods sold | (194.9m) | (199.8m) | (358.7m) | (190.8m) | (191.9m) | (196.5m) | (215.3m) | (222.9m) | (231.8m) |
Gross profit | 115.2m | 106.3m | (46.6m) | 109.3m | 118.2m | 113.7m | 131.9m | 139.2m | 154.9m |
R&D expense | (19.2m) | (18.8m) | (18.7m) | (19.4m) | (19.4m) | (19.6m) | (20.3m) | (21.1m) | (21.6m) |
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Cash | 385.1m | 355.6m | 211.7m |
Accounts Receivable | 153.4m | 127.0m | 162.1m |
Prepaid Expenses | 18.2m | 16.4m | 12.0m |
Inventories | 170.8m | 192.3m | 199.1m |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 408.1m | 405.2m | 417.6m | 251.3m | 258.8m | 207.7m | 215.6m | 215.8m | 211.5m |
Accounts Receivable | 134.2m | 123.8m | 123.5m | 115.2m | 128.4m | 118.1m | 164.2m | 144.9m | 144.9m |
Inventories | 173.8m | 174.8m | 187.9m | 198.3m | 210.1m | 204.9m | 197.2m | 209.3m | 220.7m |
Annual
| USD | FY, 2018 | FY, 2019 | FY, 2020 |
|---|---|---|---|
Net Income | 133.4m | 88.1m | 83.3m |
Depreciation and Amortization | 214.4m | 214.5m | 240.5m |
Inventories | (26.3m) | (21.0m) | (2.9m) |
Accounts Payable | (3.6m) | (339.0k) | (18.6m) |
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 26.4m | 46.1m | 16.0m | 37.5m | 53.2m | 30.5m | 61.8m | 102.2m | |
Depreciation and Amortization | 52.0m | 104.9m | 56.8m | 117.3m | 177.6m | 62.1m | 127.5m | 197.0m | |
Inventories | (3.4m) | (3.0m) | (6.2m) | (17.4m) | (10.7m) | (3.4m) | (15.5m) | (28.0m) | |
Accounts Payable | (2.7m) | (15.2m) | (6.2m) | (12.9m) | (23.2m) | (9.3m) | (14.6m) | (16.7m) |
| USD | FY, 2018 |
|---|---|
EV/EBITDA | 4.1 x |
EV/EBIT | 9.4 x |
EV/CFO | 4.6 x |
Revenue/Employee | 233.4k |
Tower Semiconductor Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| TowerJazz Panasonic Semiconductor Co., Ltd. | March 31, 2014 | |
| JAZZ TECHNOLOGIES | May 20, 2008 | |
| Tower Partners Semiconductor Co., Ltd. | ||
| Tower Semiconductor Newport Beach, Inc | ||
| Tower Semiconductor NPB Holdings Inc. | ||
| Tower Semiconductor San Antonio Inc. | ||
| Tower US Holdings Inc |
Tower Semiconductor Revenue Breakdown
Tower Semiconductor revenue breakdown by business segment: 100.0% from SEMICONDUCTOR INTERGRATED MFC.
Human Capital Metrics
Source: ir.towersemi.com
Tower Semiconductor's employees are reported to be approximately 69% female and 31% male.
Tower Semiconductor Cybersecurity Score
Tower Semiconductor Environment, Social & Governance (ESG) Ratings
Tower Semiconductor Online and Social Media Presence
Tower Semiconductor's Trends
Tower Semiconductor Company Culture
Overall Culture
A-
86/100
CEO Rating
A+
85/100
Compensation
A+
89/100
Tower Semiconductor News and Updates
May 02, 2022
Tower Semiconductor Announces First Quarter 2022 Earnings Release Date
MIGDAL HAEMEK, Israel – May 2, 2022 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its first-quarter 2022 earnings on Monday, May 16, 2022.
February 17, 2022
Tower Semiconductor Reports 2021 Fourth Quarter and Full Year Financial Results
MIGDAL HAEMEK, Israel, Feb. 17, 2022 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the fourth quarter and for the year ended December 31, 2021.
February 15, 2022
Intel to Acquire Tower Semiconductor for $5.4 Billion
Intel Corporation (Nasdaq: INTC) and Tower Semiconductor (Nasdaq: TSEM), a leading foundry for analog semiconductor solutions, today announced a definitive agreement under which Intel will acquire Tower for $53 per share in cash, representing a total enterprise value of approximately $5.4 billion. …
January 18, 2022
Tower Semiconductor Announces Fourth Quarter and Fiscal Year 2021 Financial Results and Conference Call
MIGDAL HAEMEK, Israel – January 18, 2022 – Tower Semiconductor (NASDAQ/ TASE: TSEM), the leading foundry of high-value analog semiconductor solutions, will issue its fourth quarter and fiscal year 2021 earnings release on Thursday, February 17, 2022. The Company will hold a conference call to discus…
December 21, 2021
Tower Semiconductor and Juniper Networks Announce World’s First Open Market Silicon Photonics Platform with Monolithically Integrated III-V Lasers
Tower Semiconductor (NASDAQ/TASE: TSEM),(NASDAQ/TASE: TSEM), the leading foundry of high value analog semiconductor solutions, and Juniper Networks (NYSE: JNPR), a leader in secure, AI-driven networks, today announced the world’s first silicon photonics (SiPho) foundry-ready process with integrated …
December 21, 2021
Tower Semiconductor and Juniper Networks Announce World’s First Open Market Silicon Photonics Platform with Monolithically Integrated III-V Lasers
Enables next-generation optical communications for telecoms and datacenters, as well as emerging applications in artificial intelligence and LiDAR for autonomous vehicles
Tower Semiconductor Blogs
May 21, 2020
The Sensors Show Virtual
The post The Sensors Show Virtual appeared first on Tower Semiconductor.
May 21, 2020
Autosense ONLINE 2020
The post Autosense ONLINE 2020 appeared first on Tower Semiconductor.
April 23, 2020
HP Indigo selected Tower Semiconductor for their Next-Generation High Resolution Industrial Presses
Home » Press Releases HP Indigo selected Tower Semiconductor for their Next-Generation High Resolution Industrial Presses Utilizing Tower Semiconductor’s leading 180nm power management platform providing advanced performance, efficiency, design and footprint optimization MIGDAL HAEMEK, Israel, April…
March 25, 2020
Lei Qin
Lei Qin Vice President of China Operations Mr. Qin was appointed Vice President of China Operations in January 2020. Previously, he served as Senior Sales Director and China Country Manager. Prior to joining Tower Semiconductor in 2010, Mr. Qin spent five years with Grace Semiconductor as a Sales Di…
March 23, 2020
Tower Semiconductor Releases Design Kits for a Novel Technology that Dramatically Reduces Power Consumption and Die Size of Power Management ICs
Home » Press Releases Tower Semiconductor Releases Design Kits for a Novel Technology that Dramatically Reduces Power Consumption and Die Size of Power Management ICs Offers more than 35% efficiency improvement with record-low RDSon of 6mΩmm² and 24V operation addressing consumer, industrial, automo…
Tower Semiconductor Frequently Asked Questions
When was Tower Semiconductor founded?
Tower Semiconductor was founded in 1993.
Who are Tower Semiconductor key executives?
Tower Semiconductor's key executives are Russell Ellwanger, Oren Shirazi and Guy Eristoff.
How many employees does Tower Semiconductor have?
Tower Semiconductor has 5,511 employees.
What is Tower Semiconductor revenue?
Latest Tower Semiconductor annual revenue is $1.3 b.
What is Tower Semiconductor revenue per employee?
Latest Tower Semiconductor revenue per employee is $229.7 k.
Who are Tower Semiconductor competitors?
Competitors of Tower Semiconductor include GlobalFoundries, Cypress Semiconductor and Maxim Integrated.
Where is Tower Semiconductor headquarters?
Tower Semiconductor headquarters is located at 20 Sha'ul Amor Ave, Migdal HaEmek.
Where are Tower Semiconductor offices?
Tower Semiconductor has offices in Migdal HaEmek, Netanya, Newport Beach, San Antonio and in 5 other locations.
How many offices does Tower Semiconductor have?
Tower Semiconductor has 9 offices.
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