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Tower Semiconductor

#2666

Rank

$5.32B

Marketcap

IL Israel

Country

Tower Semiconductor
Leadership team

Mr. Russell C. Ellwanger (CEO & Director)

Mr. Oren Shirazi (CFO & Sr. VP of Fin.)

Mr. Rafi Mor (Chief Operating Officer)

Products/ Services
Aerospace, Automotive, Manufacturing, Semiconductor
Headquarters
Migdal Hameq, HaZafon, Israel
Established
1993
Company Registration
SEC CIK number: 0000928876
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
TSEM
Social Media
Overview
Location
Summary
Tower Semiconductor Ltd., an independent semiconductor foundry, manufactures and markets analog intensive mixed-signal semiconductor devices in the United States, Japan, other Asia countries, and Europe. It provides various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS. The company also offers wafer fabrication services and design enablement platform for design cycle, as well as transfer optimization and development process services to integrated device manufacturers and fabless companies. It serves various markets, such as consumer electronics, personal computers, communications, automotive, industrial, aerospace, military, and medical device products. The company was incorporated in 1993 and is headquartered in Migdal Haemek, Israel.
History

Tower Semiconductor was founded in 1993, with the acquisition of National Semiconductor’s 150mm wafer fabrication facility. Tower became a public company in 1994 and shares are traded on NASDAQ and Tel Aviv Stock Exchange . In January 2001, an adjacent facility was constructed.

In September 2008, Tower acquired Jazz Semiconductor in a stock for stock transaction. In November 2009, the combined companies officially launched as TowerJazz.In June 2011, TowerJazz acquired Micron Technology's fabrication facility in Nishiwaki City, Hyogo, Japan. The acquisition nearly doubled TowerJazz's 2010 internal manufacturing capacity and cost-effectively increased production by 60,000 wafers per month.

In April 2014, TowerJazz announced the successful transaction with Panasonic Corporation to form a newly established Japanese company, TowerJazz Panasonic Semiconductor Co. for the manufacture of Panasonic and additional third-party products. TowerJazz announced cessation of its Nishiwaki facility operations in the course of rationalizing and restructuring its manufacturing and business activities in Japan. This enables the company to reduce its annual fixed costs by approximately $130 million per annum.In February 2016, TowerJazz announced the successful acquisition of an 8-inch wafer fabrication facility in San Antonio, Texas, United States from Maxim Integrated Products, Inc., the consideration, of $40 million was paid by approximately 3.3 million ordinary TowerJazz shares. This acquisition increased TowerJazz's production by 28,000 wafers per month.

On 21 August 2017, TowerJazz, and Tacoma Semiconductor Technology Co., Ltd announced that TowerJazz received a first payment from Tacoma according to their agreement for establishing a partnership to build a wafer fab in China. TowerJazz would provide its technical knowledge and project management skills, meanwhile Tacoma , and a Chinese regional authorities named Nanjing Economic and Technology Development Zone, would fully support and fund the project. On 22 June 2020, the Chinese court announced that Tacoma Semiconductor Technology Co., Ltd was in bankruptcy proceedings.On March 1, 2020, TowerJazz announced a new brand identity. As of March 2020, the company's official brand name is Tower Semiconductor and includes all of the company's worldwide subsidiaries.On February 15, 2022, Intel announced an agreement to acquire Tower Semiconductor for $5.4 billion.

Mission
Our mission is to provide unique semiconductor solutions that enable our customers' products to be the most advanced and cost-effective in the market.
Vision
At Tower, we strive to be the most reliable and efficient partner for our customers for all of their semiconductor needs.
Key Team

Ms. Noit Levy-Karoubi (Sr. VP of Investor Relations & Corp. Communications)

Ms. Nati Somekh (Sr. VP, Chief Legal Officer & Corp. Sec.)

Ms. Dalit Dahan (Sr. VP of HR & Information Technology)

Mr. Yossi Netzer (Sr. VP of Corp. Planning)

Dr. Marco Racanelli (SVP & GM of Analog Bus. Unit and Newport Beach Site Mang.)

Dr. Avi Strum (Sr. VP and GM of Sensors & Displays Bus. Unit)

Mr. Dani Ashkenazi (Sr. VP of Excellence & Quality)

Recognition and Awards
Tower Semiconductor has been a recipient of the prestigious European Nanoelectronics Award, Israeli Exporter of the Year Award, Fabless Company of the Year Award, and Semiconductor International Magazine's Outstanding Achievement Award.
References
Tower Semiconductor
Leadership team

Mr. Russell C. Ellwanger (CEO & Director)

Mr. Oren Shirazi (CFO & Sr. VP of Fin.)

Mr. Rafi Mor (Chief Operating Officer)

Products/ Services
Aerospace, Automotive, Manufacturing, Semiconductor
Headquarters
Migdal Hameq, HaZafon, Israel
Established
1993
Company Registration
SEC CIK number: 0000928876
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
TSEM
Social Media