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The Latest Breaking News from Tower Semiconductor

3 Overlooked Semiconductor Stocks With 17% to 51% Upside Potential

The semiconductor industry is booming in 2024, and three lesser-known stocks - Silicon Motion Technology, SMART Global Holdings, and Tower Semiconductor - are strategically positioned to ride the growth wave, offering upside potential between 17% and 51%.

Barchart

3 Chip Stocks to Hold Amidst Market Risks

The semiconductor industry’s long-term growth is fueled by robust demand, particularly across the consumer electronics sector, favorable government policies, and technological advances. Amid market risks, it could be ideal to hold quality chip stocks Trio-Tech (TRT), Tower Semiconductor (TSEM), and Amkor Technology (AMKR). Keep reading….

StockNews.com

Intel Teams Up with UMC for 12nm Fab Node at IFS

Intel and UMC on Thursday said they had entered into an agreement to jointly to develop a 12 nm photolithography process for high-growth markets such as mobile, communication infrastructure, and networking. Under the terms of the deal, the two companies will co-design a 12 nm-class foundry node that Intel Foundry…

AnandTech

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TSMC Solidifies Leadership on Foundry Market as Intel Jumps into Top 10

The global foundry industry witnessed a substantial rise in demand in the third quarter of 2023, according to TrendForce. The Top 10 foundries collectively saw their revenue soar to about $28.29 billion, marking a 7.9% increase compared to the previous quarter. Taiwan Semiconductor Manufacturing Co. (TSMC) maintained its No. 1…

AnandTech

3 Chip Stocks Floating High on December Gains

The semiconductor industry’s outlook appears optimistic owing to extensive chip usage in several end-use applications, rapid adoption of the latest technologies, and growing government investments. Thus, it could be wise to invest in robust chip stocks Cirrus Logic (CRUS), Tower Semiconductor (TSEM), and Applied Materials (AMAT) this month for substantial…

StockNews.com

1 Mega-Cap Chip Stock to Avoid in September

Intel stock has underperformed the equity markets over the last two decades, and currently lags far behind AI-fueled rivals like Nvidia. Here's why INTC remains a mega-cap tech stock to skip right now.

Barchart

Indexes Mixed After Jobs Data; Apple Falls As Chip Giant Rises On Big Win

The Dow Jones pared early losses and rose in afternoon trading. Apple weighed on the Dow and on tech stocks; Intel soared on a recent win.

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Microsoft News Roundup: ChatGPT at risk, Surface event confirmed, and Xbox community rules revamped

Microsoft confirmed a Surface event and revamped its Xbox community guidelines this week. We also saw a report that OpenAI is marking toward bankruptcy. Here are the details on those stories and more in our weekly news roundup.

Windows Central

Intel's purchase of Tower terminated, likely blocked by Chinese regulator

Despite the best efforts of CEO Pat Gelsinger, Intel was not able to secure regulatory approval for its $5.4 billion purchase of Tower Semiconductor. The deal has now been terminated by both sides.

Windows Central

China Delays Kill Intel's Tower Acquisition, Intel to Pay $353 Million Breakup Fee

Intel will not pursue acquisition of Tower Semiconductor following delay of Chinese review.

Tom’s Hardware

Intel calls off $5.4b Tower deal after failing to obtain regulatory approvals

Intel is terminating a $5.4 billion agreement to acquire Israeli chip manufacturer Tower Semiconductor after China failed to sign off on the deal amid deteriorating US-China relations

The Independent UK

Intel shares lower after scrapping $5.4 billion Tower Semiconductor deal

Intel, which has been expanding foundry and production investments for the past few months, has formally scrapped plans to buy Tower Semiconductor.

The Street

Intel's $5.4 billion purchase of Tower Semiconductor is supposed to go through today, but will China block it?

Intel agreed to purchase Tower Semiconductor for $5.4 billion, but the deal has had to be pushed back twice. Today is the current deadline for the purchase, but it is unclear what will happen.

Windows Central

Intel's Tower Acquisition Deadline is Tomorrow, but Doubts Remain

China still has not approved Intel's acquisition of Tower semiconductor, which has a deadline on August 15.

Tom’s Hardware

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Tom’s Hardware

Intel's Acquisition of Tower Delayed, Still Expected to Close by June 2023

China's State Administration for Market Regulation still has not cleared Intel-Tower transaction.

Benzinga

Tower Semiconductor Clocks 21% Revenue Growth In Q1; Suspends Guidance Due to Intel Takeover

Tower Semiconductor Ltd (NASDAQ:TSEM) reported first-quarter FY22 revenue growth of 21% year-on-year to $421 million, beating the consensus of $406.9 million. It posted a 29% organic growth. The gross profit was $105 million, up 50% Y/Y. The operating profit grew 94% Y/Y to $63 million. Adjusted EPS was $0.49, up from $0.26 prior-year…

Benzinga

TSEM: Intel Strikes Deal to Buy Tower Semiconductor for $53 Per Share

By Lisa Thompson NASDAQ:TSEM READ THE FULL TSEM RESEARCH REPORT

Benzinga

Tower Semiconductor Clocks 19% Revenue Growth In Q4

Tower Semiconductor Ltd (NASDAQ:TSEM) reported fourth-quarter FY21 revenue growth of 19% year-on-year to $412.1 million, missing the consensus of $430.2 million. It posted a 28% organic growth. The gross profit was $100 million, up 44% Y/Y. Adjusted EPS of $0.55 beat the consensus of $0.45. It generated $134 million in operating cash flow.…

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Benzinga

Tower Semiconductor: Q4 Earnings Insights

Tower Semiconductor (NASDAQ:TSEM) reported its Q4 earnings results on Thursday, February 17, 2022 at 04:00 AM. Here's what investors need to know about the announcement.

Benzinga

Earnings Preview For Tower Semiconductor

Tower Semiconductor (NASDAQ:TSEM) is set to give its latest quarterly earnings report on Thursday, 2022-02-17. Here's what investors need to know before the announcement. Analysts estimate that Tower Semiconductor will report an earnings per share (EPS) of $0.45.

The Street

Trading Intel Stock After Company Buys Tower Semiconductor

Intel stock is bouncing around after a $5.4 billion deal to buy Tower Semiconductor. Here are the must-know trading levels now.

Benzinga

Here's How Much You Would Have Made Owning Tower Semiconductor Stock In The Last 10 Years

Tower Semiconductor (NASDAQ:TSEM) has outperformed the market over the past 10 years by 1.95% on an annualized basis.

Benzinga

Tower Semiconductor Stock Soars As Intel Scoops It At 60% Premium

Intel Corp (NASDAQ: INTC) agreed to acquire Israeli

The Street

Tower Semiconductor Stock Soars After $5.4 Billion Intel Takeover Bid

Intel will pay $5.4 billion for Israel-based Tower Semiconductor as it looks to expands it foundry business and challenge the likes of Samsung and TSMC.

The Street

Russia Pullback, Intel, Peloton, Elon Musk and Warren Buffett - Five Things You Must Know

Stock futures surge as reports say Russian troops pull back from Ukraine border; Intel to buy Tower Semiconductor for $5.4 billion; Peloton share jump on management shake-up, stake builds; Elon Musk donates $5 billion in Tesla stock to charity and Warren Buffett plays some Activision.

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