Tower Semiconductor Ltd (TSEM.OQ)
2 Dec 2016
JERUSALEM Israeli chipmaker TowerJazz reported record quarterly revenues on Tuesday and said annual earnings growth should accelerate in 2017 as the company takes on new customers.
* Nasdaq shares up 4.4 pct in early Nasdaq trade (Adds details, CEO comments)
JERUSALEM, Nov 15 Israeli chipmaker TowerJazz reported sharply higher profit that topped estimates, boosted by strong demand from existing customers.
* Towerjazz continues strong performance: announces highest ever revenues, EBITDA and free cash flow for the third quarter of 2016
* Israeli chipmaker TowerJazz reported on Thursday second-quarter earnings of 45 cents a share, versus 10 cents a share a year earlier, boosted by the acquisition of a U.S. plant and the early repayment of bank loans.
* Extends its partnership with JA Mitsui to drive its recently acquired San Antonio fab growth and ramp-up plans
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