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.
TypePublic
Founded1993
HQMigdal HaEmek, IL
Websitetowersemi.com
Employee Ratings3.5
Overall CultureA-

Latest Updates

Employees (est.) (Dec 2020)5,511(+5%)
Job Openings13
Revenue (FY, 2020)$1.3 B(+3%)
Share Price (May 2022)₪161.8(-1%)
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Tower Semiconductor

Russell Ellwanger

Russell Ellwanger

Chief Executive Officer, Director
Oren Shirazi

Oren Shirazi

Chief Financial Officer, Senior Vice President of Finance
Guy Eristoff

Guy Eristoff

Senior Vice President, Chief Strategy Officer
Rafi Mor

Rafi Mor

Chief Operating Officer
Nati Somekh

Nati Somekh

Senior Vice President, Chief Legal Officer and Corporate Secretary
Itzhak Edrei

Itzhak Edrei

President
Show more

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
Show all (9)

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
USDFY, 2018FY, 2019FY, 2020

Revenue

1.3b1.2b1.3b

Cost of goods sold

(817.1m)(806.3m)(791.8m)

Gross profit

486.9m427.7m473.8m

R&D expense

(73.1m)(75.6m)(78.3m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

310.1m306.1m312.1m300.2m310.1m310.2m347.2m362.1m386.7m

Cost of goods sold

(194.9m)(199.8m)(358.7m)(190.8m)(191.9m)(196.5m)(215.3m)(222.9m)(231.8m)

Gross profit

115.2m106.3m(46.6m)109.3m118.2m113.7m131.9m139.2m154.9m

R&D expense

(19.2m)(18.8m)(18.7m)(19.4m)(19.4m)(19.6m)(20.3m)(21.1m)(21.6m)
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

385.1m355.6m211.7m

Accounts Receivable

153.4m127.0m162.1m

Prepaid Expenses

18.2m16.4m12.0m

Inventories

170.8m192.3m199.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

408.1m405.2m417.6m251.3m258.8m207.7m215.6m215.8m211.5m

Accounts Receivable

134.2m123.8m123.5m115.2m128.4m118.1m164.2m144.9m144.9m

Inventories

173.8m174.8m187.9m198.3m210.1m204.9m197.2m209.3m220.7m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

133.4m88.1m83.3m

Depreciation and Amortization

214.4m214.5m240.5m

Inventories

(26.3m)(21.0m)(2.9m)

Accounts Payable

(3.6m)(339.0k)(18.6m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

26.4m46.1m16.0m37.5m53.2m30.5m61.8m102.2m

Depreciation and Amortization

52.0m104.9m56.8m117.3m177.6m62.1m127.5m197.0m

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)
USDFY, 2018

EV/EBITDA

4.1 x

EV/EBIT

9.4 x

EV/CFO

4.6 x

Revenue/Employee

233.4k
Show all financial metrics

Tower Semiconductor Operating Metrics

Tower Semiconductor's Customers was reported to be 300 in Nov, 2016.
FY, 2014FY, 2015Mar, 2016Nov, 2016FY, 2016FY, 2017FY, 2018

Customers

302300

Manufacturing Facilities

767777

Patents Issued

205226248267285

Products

6.17 k
Show all operating metrics

Tower Semiconductor Acquisitions / Subsidiaries

Company NameDateDeal Size
TowerJazz Panasonic Semiconductor Co., Ltd.March 31, 2014
JAZZ TECHNOLOGIESMay 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

Embed Graph

Tower Semiconductor revenue breakdown by business segment: 100.0% from SEMICONDUCTOR INTERGRATED MFC.

Human Capital Metrics

Tower Semiconductor's employees are reported to be approximately 69% female and 31% male.
Embed Graph
Show all human capital metrics

Tower Semiconductor Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

SecurityScorecard logo

Tower Semiconductor Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Tower Semiconductor Online and Social Media Presence

Embed Graph

Tower Semiconductor Company Culture

  • Overall Culture

    A-

    86/100

  • CEO Rating

    A+

    85/100

  • Compensation

    A+

    89/100

Learn more on Comparably

Tower Semiconductor News and Updates

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.

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.

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. …

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…

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 …

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
Show more

Tower Semiconductor Blogs

The Sensors Show

The post The Sensors Show appeared first on Tower Semiconductor.

The Sensors Show Virtual

The post The Sensors Show Virtual appeared first on Tower Semiconductor.

Autosense ONLINE 2020

The post Autosense ONLINE 2020 appeared first on Tower Semiconductor.

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…

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…

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…
Show more

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.