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Tower Semiconductor

20 stories about Tower Semiconductor

Tower’s stock tumbles as analog chip glut and AI competition take a toll

13.02.25|Almog Azar

The Israeli chipmaker struggles with oversupply and faces new threats from Chinese AI upstart DeepSeek.

פרוסת סיליקון נכנסת ל מכונת מדידה של נובה בתהליך ייצור שבבים

ASML forecast cuts $1 billion from Israeli chip manufacturer Nova’s market cap

21.10.24|Adiel Eithan Mustaki

Nova, Tower, and Camtek face steep losses after ASML signals slower growth for 2025, impacting global chip demand.

Israel's semiconductor sector has a boost - and which Iranian-born Israeli just invested in a company?

10.09.24|CTech

Also in our AI-native show: Salesforce acquires Israeli data company Own for $1.9 billion in cash

Salesforce’s $2B Own buyout and Tower’s India move show Israel’s strength—and its vulnerabilities

08.09.24|Sophie Shulman

Why Israeli high-tech’s global success may come at a cost to the local economy.

Inside Tower Semiconductor’s strategic shift: why India is now key to its growth

06.09.24|Sophie Shulman

With U.S. and Chinese markets in flux, is India the next big semiconductor hub?

Israel’s Tower Semiconductor joins forces with Adani for $10 billion India chip project

06.09.24|CTech and Reuters

India takes a major leap toward its semiconductor goals with a massive investment from Tower and Adani.

Tower shutting down one Israeli chip factory, pegs hopes on Indian market

15.02.24|Sophie Shulman

CEO Russell Ellwanger said all of the employees from Fab 1 in Migdal Ha’Emek will receive offers to either work in Fab 2 or one of the factories abroad. "There's no point in keeping a factory alive if it's operating at a loss," said Ellwanger. "I've never been more bullish on Tower's future"

Tower’s Q4 revenue falls as auto chips supply glut adds uncertainty

14.02.24|Reuters and CTech

The Israeli chipmaker said it plans to phase out certain lower margin products without providing further details

Chipmaker Tower hoping to set up $8 billion plant in India

11.02.24|CTech and Reuters

Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, according to the Indian Express

Tower extremely optimistic regarding chip business, but needs to back up words with results

21.12.23|Uri Tal-Tenne

In a presentation published with the third quarter reports, Tower revealed a long-term model of sales and profitability potential in which the company's revenues will jump to $2.66 billion, an increase of 87% compared to this year's expected revenues, and the operating profit will jump by 166% to $560 million

מימין: מנכ"ל אינטל פט גלסינגר ומנכ"ל טאואר ראסל אלוואנגר

Tower and Intel sign $300 million foundry deal three weeks after cancellation of $5.4 billion merger

05.09.23|Reuters and CTech

The Israeli chipmaker will acquire and own equipment and other fixed assets to be installed at Intel’s New Mexico factory after receiving $375 million in compensation following the cancellation of the acquisition

Tower Semiconductor: Shifting from Intel to India?

21.08.23|Sophie Shulman

With Intel deal off, Tower Semiconductor could find new ground in India's thriving chip market

מימין מנכ"ל אינטל העולמית פט גלסינגר ומנכ"ל טאואר ראסל אלוונגר

Tower Semiconductor caught in tug-of-war between U.S. and China over chip supremacy

16.08.23|Omer Kabir

Intel’s $5.4 billion acquisition of the Israeli company faltered as geopolitical tensions reshape the chip landscape

Intel abandoning $5.4 billion acquisition of Tower Semiconductor

16.08.23|Reuters and CTech

Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition of the Israeli company on time as required under the contract. Tower to receive $353 million break-up fee

מימין מנכ"ל אינטל פט גלסינגר ומייסד מובילאיי אמנון שעשוע

Intel is in trouble, but the path to recovery goes through Israel

31.07.22|Sophie Shulman

For the first time in 30 years, Intel turned a loss. A combination of a cut in the investment budget with the adoption of the microchip law in the US, puts Israel at a disadvantage. But the company's recovery from the crisis may go through the application of smart capital, which characterizes its investments here

מגזין עצמאות 4.5.22 ראסל אלוואנגר מנכ"ל טאואר סמיקונדוקטור

Principles towards success

05.05.22|Russell Ellwanger

"John F. Kennedy stated: “I am an idealist without illusions." Such is the Tower DNA. If one relentlessly pursues high ideals, treats friendships as the treasure most dear with the understanding that friendship and loyalty are synonymous, such a person has a deep fountain of power," writes Russell Ellwanger, CEO of Tower Semiconductor

Intel Inside: CEO shares his plans to restoring the chip giant’s supremacy

01.03.22|Sophie Shulman

A year after taking over the helm, Intel CEO Pat Gelsinger sees Israel as a key piece of the puzzle

After decades of uncertainty, Tower is reaping the benefits of the chaos in the chip market

15.02.22|Sophie Shulman

The Israeli chip company is being sold to Intel for $5.4 billion; The deal comes after years of uncertainty over Tower's viability, but today the company is able to meet Intel's need to split its production capabilities and reduce activity in the East

Intel acquiring Israel's Tower Semiconductor for $5.4 billion

15.02.22|Reuters and CTech

Tower specializes in analog chips used in the automotive, mobile, medical and aerospace industries. It had a market capitalization of $3.6 billion as of Monday's close

Tower announces 'all systems go' following a disruptive ransom cyberattack

10.09.20|Meir Orbach

Due to the manufacturing disruption, the company expects some level of impact on its third-quarter results