Key Developments: Tower Semiconductor Ltd (TSEM.O)
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23 May 2013
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Latest Key Developments (Source: Significant Developments)
Tower Semiconductor Ltd Issues Q1 2013 Revenue Guidance Below Analysts' Estimates-Conference Call
Tower Semiconductor Ltd announced that for the first quarter of 2013, it expects revenue of between $110 million to $120 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $143 million for the first quarter of 2013. Full Article
Tower Semiconductor Ltd Issues Q4 2012 Revenue Guidance Below Analysts' Estimates-Conference Call
Tower Semiconductor Ltd announced that for the fourth quarter of 2012, it expects revenue of between $147 million to $157 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $167 million for the fourth quarter of 2012. Full Article
Tower Semiconductor Ltd's Tower Jazz Secures New Contract With Vishay-Siliconix
Tower Semiconductor Ltd announced the expansion of its business relationship with Vishay-Siliconix with a five-year agreement under the terms of which the Company's fully owned subsidiary, TowerJazz, will manufacture two Vishay Siliconix product families at the subsidiary's Japanese facility (Fab 4) as well as multiple Vishay Siliconix product families at TowerJazz’s Fabs 1 and 2 in Migdal HaEmek, Israel. Full Article
Tower Semiconductor Ltd Issues Q3 2012 Revenue Guidance Below Analysts' Estimates-Conference Call
Tower Semiconductor Ltd announced that for the third quarter of 2012, it expects revenue of between $152 million to $162 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $175 million for the third quarter of 2012. Full Article
TowerJazz Announces Agreement with Tecnopolis del Sur to Assist with Research and Technological Development in Argentina
TowerJazz announced a signed agreement with Public and Private Consortium Tecnopolis del Sur (Tecnopolis del Sur) to help foster research and technological development in Argentina to enable product competitiveness in the international market. The terms of the agreement include training of the R&D groups of Tecnopolis del Sur by TowerJazz on process design kits and technology, and TowerJazz will provide discounted multi-project wafers (MPW) space in its Migdal Haemek, Israel and Newport Beach, California fabs. In exchange, Tecnopolis del Sur will grant TowerJazz the right to use its facilities in Bahía Blanca, Argentina helping TowerJazz enter into a new region and expand its global reach into South America. This program will be using the broad spectrum of technologies that TowerJazz offers including: power management, RF CMOS and Silicon Germanium (SiGe). Tower Semiconductor Ltd. and its fully owned U.S. subsidiary Jazz Semiconductor, operate collectively under the brand name TowerJazz, manufacturing integrated circuits with geometries ranging from 1.0 to 0.13-micron. Full Article
Tower Semiconductor Ltd.'s Subsidiary And DARPA Announces Collaboration
Tower Semiconductor Ltd. announced that its fully owned U.S. subsidiary, Jazz Semiconductor, has entered into a cost-sharing collaboration with DARPA to advance its roadmap for high frequency SiGe HBT (heterojunction bipolar transistor) devices. The DARPA program name is GRATE (Gratings of Regular Arrays and Trim Exposures) and will employ the use of grating masks combined with conventional photolithography to achieve very fine dimension features as an alternative to more costly lithography techniques such as immersion lithography. The grating masks will be used in combination with the standard masks used in volume semiconductor device manufacturing. The TowerJazz roadmap includes BiCMOS platforms which have both CMOS and BiPolar devices on a single wafer and are offered monthly in multi-project wafer (MPW) runs. The existing BiCMOS platforms are based on 350nm, 180nm and 130nm CMOS nodes, and the variants include HBT device performance at 60, 150, 200 and recently 260GHz. Full Article
TowerJazz Completes Acquisition Of Micron Technology's Fabrication Facility
TowerJazz announced that it completed its previously announced acquisition of Micron Technology's fabrication facility in Nishiwaki City, Hyogo, Japan. The total value of the transaction, including assumption of liabilities, is approximately $140 million, of which $40 million was paid in cash, approximately 19.7 million Tower ordinary shares and the remainder reflects assumed long-term retirement liabilities that are payable incrementally upon employee retirements. In addition, under a 'take-or-pay' supply agreement between the companies, TowerJazz will manufacture products for Micron in the Japan facility for at least the next three years with processing technology licensed from Micron. Tower Semiconductor Ltd. and its fully owned U.S. subsidiary Jazz Semiconductor, operate collectively under the brand name TowerJazz. Full Article
UPDATE 1-TowerJazz sees better quarters ahead, eyes India plant
TEL AVIV, May 9 - Chipmaker TowerJazz expects demand for tablet computers and the growing use of chips in appliances like washing machines to drive quarter-on-quarter revenue growth for the rest of this year after a fall in the first quarter.
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