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 Headquarters in Migdal Haemek, Israel | |
| Company type | Public |
|---|---|
| TASE: TSEM TA-35 Index component | |
| Industry | Semiconductor |
| Founded | 1993; 32 years ago (1993) |
| Headquarters | , |
Key people | Russell Ellwanger(CEO) Amir Elstein(Chairman) |
| Revenue |  US$1.44 billion (2024)[1] |
| Subsidiaries | Tower Semiconductor Newport Beach, Inc (previously Jazz Semiconductor) |
| Website | www |
Tower Semiconductor Ltd. is anIsraeli company that manufacturesintegrated circuits using specialty process technologies, includingSiGe,BiCMOS,Silicon Photonics,SOI,[2] mixed-signal and RFCMOS,CMOSimage sensors,[3][4] non-imaging sensors,power management (BCD), andnon-volatile memory (NVM) as well asMEMS capabilities. Tower Semiconductor also owns 51% of TPSCo,[5] an enterprise withNuvoton Technology Corporation Japan (NTCJ).
The company manufactures specialty analog integrated circuits for semiconductor companies such as:On Semiconductor,Intel,[6]Broadcom,Panasonic,Teledyne,Samsung,Skyworks Solutions,Semtech andVishay Siliconix. Moreover, the company also has Qualified open foundry Silicon Photonics platform which is used by companies such asInphi Corporation.[7]Tower Semiconductor operates several manufacturing facilities: Fab 2 (200mm) located in Migdal Haemek, Israel, Fab 3 and Fab 9 (200 mm) located inNewport Beach, California and inSan Antonio, Texas, two additional fabs (200 mm and 300 mm) through TPSCo located in theHokuriku region of Japan, and is sharing a 300 mm manufacturing facility in Italy with ST Microelectronics and has access to a 300mm capacity corridor in Intel’s New Mexico factory. In addition, Tower Semiconductor operates a worldwide design center in Netanya, Israel.
Tower Semiconductor is an Israeli public company that is traded onNASDAQ and theTel Aviv Stock Exchange, both under the ticker TSEM, and is included in theTA-35 Index and theTA BlueTech Index. In 2010, Tower Semiconductor became the #1 specialty foundry by revenue, with 70% revenue growth year-over-year.[8] On 15 February 2022, Intel announced that it was going to acquire Tower Semiconductor.
Tower Semiconductor was founded in 1993 and became a public company in 1994. Shares are traded onNASDAQ (TSEM) andTel Aviv Stock Exchange (TSEM). In January 2001, an adjacent facility (Fab 2) was constructed.
In September 2008, Tower acquired Jazz Semiconductor. In November 2009, the combined companies took the name TowerJazz.[citation needed]
In June 2011, TowerJazz acquired Micron Technology's fabrication facility inNishiwaki 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 (First Section of TSE and NSE ticker: 6752) to form a newly established Japanese company, TowerJazz Panasonic Semiconductor Co. (TPSCo) 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.[citation needed]
In February 2016, TowerJazz announced the successful acquisition of an 8-inch wafer fabrication facility in San Antonio, Texas, United States fromMaxim 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 (Nanjing) Semiconductor Technology Co., Ltd announced that TowerJazz received a first payment from Tacoma (Nanjing) 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 (Nanjing), and a Chinese regional authorities named Nanjing Economic and Technology Development Zone, would fully support and fund the project.[9][10] On 22 June 2020, the Chinese court announced that Tacoma (Nanjing) Semiconductor Technology Co., Ltd was in bankruptcy proceedings.[11]
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.[12]
On February 15, 2022,Intel announced an agreement to acquire Tower Semiconductor for $5.4 billion.[13][14] On August 16, 2023, Intel terminated the acquisition as it failed to obtain approval fromChinese regulators within the 18-month transaction deadline period and will pay a termination fee of $353 million to Tower.[15][16]
Fab 1, located inMigdal Haemek,Israel is a 150 mm (wafer diameter) facility which was acquired fromNational Semiconductor in 1993 at the time of Tower Semiconductor's founding. Since that time, Fab 1 has been significantly modernized and offers process geometries ranging from 1.0-micron to 0.35-micron includingCMOS image sensors, embedded flash and mixed-signal technologies.
Fab 2, a 200 mm wafer facility was constructed in January 2001, adjacent to Fab 1 in Migdal Haemek.
Fab 3, located inNewport Beach,California,United States was acquired by Tower when it merged with Jazz Technologies in 2008. Jazz Semiconductor was formed in 2002 and inherited the 200mm facility that was once operated byRockwell Semiconductor. At Fab 3, Jazz establishedSiGe,BiCMOS andMEMS technologies and expanded upon its heritage for on-shore, specialized foundry services focused on the Aerospace and Defense industry.[citation needed]
Fab 9, located in San Antonio, Texas, United States was acquired by Tower in 2016 from Maxim Integrated.[17]
TPSCo is 51% owned by Tower Semiconductor Ltd. and 49% owned by Nuvoton Technology Corporation Japan. TPSCo has three (only two are working[18]) manufacturing facilities inHokuriku, Japan (Uozu,Tonami, and not workingArai) which have been producing large scale integrated circuits for over 30 years. Areas of process technology focus include high dynamic range image sensors (CIS and CCD), integrated power devices (BCD, SOI and LDMOS) and high frequency silicon RFCMOS. TPSCo offers both IDMs and fabless companies over 120 qualified silicon process flows on 200mm and 300mm substrates from super micron to 45 nm, as well as internal back end processing, assembly and test services.[citation needed]
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