公众号记得加星标⭐️，第一时间看推送不会错过。 以色列，米格达勒埃梅克，2025年8月13日——高价值模拟半导体解决方案代工厂商 Tower Semiconductor （ 纳 斯 达 克 股 票 代 码 ： TSEM ） 今 日 宣 布 ， 将 启 动 2025 全 球 技 术 研 讨 会 （TGS） ，这是该公司的旗舰级年度技术创新系列活动。本届研讨会将分别于 2025年9月16日 在 中国上海 、 2025年11月18日 在 美国加利福尼亚州圣克拉拉 举行。 扫描下方 二维码 或 点击文末 "阅读原文" 即可报名。 08:30-09:30 Registration 09:30-09:45 Opening Mrs. Rachel Xie China Country Manager 本次研讨会将深入探讨AI、高速互联及其他快速演进领域的关键市场趋势，重点展示Tower赋能客户 实现高性能互联、高能效架构及先进成像解决方案的核心能力与技术平台。与会者将深入了解Tower 的技术与设计服务如何加速产品开发、强化差异化优势并创造可量化的市场价值。 活动亮点 TGS 中国会场的注册通道现已开启， Invited t ...

At the start of August, Israeli chipmaker Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE:TSEM) reported strong financial results for the second quarter of 2025, which led to a double-digit gain in the share price. In the following days most of these rises were wiped out but since mid-August the stock has been soaring on high trading volumes. The result has been a 45% rise in the share price in less than a month. The chip company from Migdal Ha'emek now has a market cap of $7.566 billion. On the way it has s ...

Monolithically integrated, optically pumped, programmable multi-color laser built on Tower’s PH18 platform enables scalable CWDM/DWDM optical fabrics for disaggregated AI clusters MIGDAL HAEMEK, Israel and SANTA CLARA, Calif. – Aug. 25, 2025 - Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, and Xscape Photonics, a U.S.-based innovator in advanced photonic interconnects funded by industry leaders such as NVIDIA and Cisco, today announced the successful ...

Core Insights - Tower Semiconductor announced the launch of its 2025 Global Technology Symposium (TGS), which will take place in Shanghai, China on September 16, 2025, and in Santa Clara, California, USA on November 18, 2025. The symposium will focus on key market trends in AI, high-speed interconnects, and other rapidly evolving fields [1]. Event Highlights - The TGS will showcase Tower's capabilities in enabling high-performance interconnects, energy-efficient architectures, and advanced imaging solutions, emphasizing how its technology and design services can accelerate product development and create measurable market value [1]. - Registration for the TGS in China is now open, allowing participants to engage with industry leaders and experts [3][7]. Agenda Overview - The agenda includes a keynote speech by Tower's CEO Russell Ellwanger, who will share the company's future vision and commitment to driving customer business growth through collaboration [4]. - Expert-led technical discussions will cover Tower's industry-leading solutions in silicon photonics, silicon germanium, RF SOI, power management, image sensors, and advanced display technologies [4][6]. - The event will feature insights from global technology leaders on AI innovations and breakthroughs in optical communications [4]. Networking Opportunities - Attendees will have the chance to interact with Tower executives, industry experts, and peers, fostering collaboration for the next wave of semiconductor innovations [4].

Safe Harbor Regarding Forward-Looking Statements This press release includes forward-looking statements, which are subject to risks and uncertainties. Actual results may vary from those projected or implied by such forward-looking statements. A complete discussion of risks and uncertainties that may affect the accuracy of forward-looking statements included in this press release or which may otherwise affect Tower's business is included under the heading "Risk Factors" in Tower's most recent filings on Form ...

How it works Traditional high-speed cameras utilize expensive high-speed data converters to capture data, which separates the AI input layer from the pixels, increasing the BOM cost and necessitating high-speed connectors and interface components. Cheetah HS's charge-domain architecture converts incoming photons to charge, computes the first neural-network layer in analog form, then outputs a pulse train that can be processed by downstream networks. The capture rate is programmable, allowing lower frame rat ...

Core Insights - Tower Semiconductor Ltd. reported second-quarter financial results that exceeded expectations, with a year-on-year revenue growth of 6% to $372.06 million, surpassing the analyst consensus estimate of $370.23 million [1] - The adjusted EPS for the quarter was 50 cents, beating the analyst consensus estimate of 45 cents [1] - The company anticipates third-quarter revenue between $375.25 million and $414.75 million, compared to the analyst consensus estimate of $394.54 million [2] Financial Performance - The second-quarter revenue of $372.06 million reflects a 6% increase year-on-year [1] - Adjusted EPS of 50 cents exceeded the consensus estimate of 45 cents [1] Strategic Initiatives - CEO Russell Ellwanger highlighted the company's strategic initiatives, including repurposing factories for higher capacity in RF infrastructure, which are expected to contribute to growth in upcoming quarters [3] - The company is experiencing momentum in its RF infrastructure business, driven by expansions in data centers and AI, with increasing customer forecasts [3] Market Position - Tower Semiconductor holds a number one market share position in its sector, positioning the company to benefit from market trends [3] - Following the earnings announcement, analysts adjusted their price targets for Tower Semiconductor, with some maintaining a positive outlook [4][9] Analyst Ratings - Susquehanna analyst Medhi Hosseini and Benchmark analyst Cody Acree both maintained a positive rating on Tower Semiconductor, raising their price targets from $60 to $66 [9]

Financial Data and Key Metrics Changes - The company reported revenues of $372 million for Q2 2025, representing a year-over-year increase of $21 million or 6% compared to Q2 2024, and a quarter-over-quarter increase of $14 million or 4% compared to Q1 2025 [15][18] - Net profit for Q2 2025 was $47 million, also $7 million higher quarter-over-quarter, resulting in earnings per share of $0.42 basic and $0.41 diluted [15][18] - Gross profit and operating profit for Q2 2025 were $80 million and $40 million respectively, each higher than the prior quarter by $7 million [15] Business Line Data and Key Metrics Changes - The RF Infrastructure business grew significantly, contributing over $90 million in revenues, which accounted for 25% of corporate revenues, up from 14% in the same period of 2024 [6][15] - The company has seen a fivefold increase in silicon photonics products moving from preproduction to production phase compared to the same period in 2024 [7] - RF SOI revenue increased over 20% from Q1 to Q2 2025 and is expected to grow close to 30% from Q2 to Q3 2025 [9] Market Data and Key Metrics Changes - The company is experiencing strong demand in the optical transceiver market, particularly for silicon germanium and silicon photonics technologies [5][6] - Utilization rates in various fabs were reported, with Fab two and Fab nine operating at about 60% utilization, while Fab three was fully utilized at 85% [12][13] Company Strategy and Development Direction - The company is repurposing multiple factories to increase capacity for RF infrastructure, specifically silicon germanium and silicon photonics [4][5] - Continued investment in capacity and R&D is planned throughout 2025, with further growth expected in 2026 [5][19] - The company aims to achieve $2.7 billion in annual revenue at full loading of existing fabs, targeting $560 million in operating profits and $500 million in net profit [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining the number one market share position in the optical transceiver market, with strong customer qualifications and demand [5][6] - The company anticipates strong sequential growth throughout the second half of 2025, with Q3 revenues expected to be around $395 million [4][5] - Management noted that the increase in silicon germanium and silicon photonics capacity will align with customer demand forecasts [85] Other Important Information - The company has a strong balance sheet with total assets of $3.2 billion and shareholders' equity reaching a record of $2.8 billion [18] - The company is engaged in various strategic partnerships and investments, including a $500 million allocation for fab equipment in Italy [19] Q&A Session Summary Question: What segments are expected to contribute to sequential growth in the second half of the year? - Management indicated that RF Infrastructure, particularly silicon germanium and silicon photonics, will be the primary contributors, with power management and RF SOI also expected to show strong growth [24][25] Question: Is the company fully booked through the end of the year? - Management confirmed that while there is room for immediate upsides, the focus remains on utilizing additional capacity for silicon germanium and silicon photonics [27][28] Question: Can you elaborate on the silicon photonics technology supporting receive functions? - Management explained that the new technology for the receive function could add approximately 20% to the served market and expects significant growth in silicon photonics shipments in Q4 2025 [38][39] Question: How is the improvement in RF mobile space characterized? - Management noted that the growth is attributed to inventory replenishment and share gains, with existing customers increasing their forecasts [42][62] Question: What is the outlook for operating expenses in 2025? - Management indicated that operating expenses are expected to trend flat to up on a year-over-year basis, maintaining a current run rate of about $40 million per quarter [78] Question: How is cash flow expected to trend with ongoing CapEx? - Management stated that cash from operations is expected to continue its positive trend, while CapEx levels are anticipated to remain stable [74][80]

Financial Data and Key Metrics Changes - In Q2 2025, the company reported revenues of $372 million, representing a year-over-year increase of $21 million or 6% compared to Q2 2024, and a quarter-over-quarter increase of $14 million or 4% compared to Q1 2025 [16] - Net profit for Q2 2025 was $46.6 million, which is $7 million higher than the previous quarter, resulting in earnings per share of $0.42 basic and $0.41 diluted [16][19] - Gross profit and operating profit for Q2 2025 were $80 million and $40 million respectively, each higher than the prior quarter by $7 million [16] Business Line Data and Key Metrics Changes - The RF Infrastructure business grew significantly, contributing over $90 million in revenues, which accounted for 25% of corporate revenues, up from 14% in the same period of 2024 [6][10] - The company has seen a recovery in RF SOI, with a revenue increase of over 20% from Q1 to Q2 2025, and is expecting a further increase of close to 30% from Q2 to Q3 [10][12] - For silicon photonics, the company has moved five times more products from preproduction to production phase compared to the same period in 2024, indicating strong customer adoption and operational scalability [8] Market Data and Key Metrics Changes - The company is experiencing strong demand in the optical transceiver market, particularly for silicon germanium and silicon photonics technologies, which are essential for data center and AI expansions [5][6] - Utilization rates in Q2 2025 were approximately 60% for Fab two in Israel and Fab nine in Texas, while Fab three operated at 85% utilization and Fab seven was fully utilized [13] Company Strategy and Development Direction - The company is repurposing multiple factories to increase capacity for RF infrastructure, specifically silicon germanium and silicon photonics, with expected growth in Q3 and Q4 being the first results of this strategy [4][5] - The company plans to invest in capacity and R&D throughout 2025, with further growth planned for 2026 to align with customer demand forecasts [5][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining the number one market share position in the optical transceiver market, with expectations for sequential quarter-over-quarter growth throughout 2025 and acceleration in the second half [4][5] - The company anticipates a doubling of silicon germanium revenue in 2025 compared to 2024, with significant contributions expected from infrastructure and power management segments [24] Other Important Information - The company has committed to significant capital expenditures, including $300 million for equipment in the New Mexico fab and $500 million for the Italy fab, with plans to invest $350 million to expand capacity in various fabs [19][20] - The balance sheet remains strong, with total assets of $3.2 billion and shareholders' equity reaching a record of $2.8 billion as of June 2025 [19] Q&A Session Summary Question: What segments are expected to contribute to sequential growth in the second half of the year? - Management indicated that RF Infrastructure, particularly silicon germanium and silicon photonics, will be the primary contributors, with power management and RF SOI also expected to show strong growth [24] Question: Is the company fully booked through the end of the year? - Management confirmed that while there is room for immediate upsides, the focus remains on utilizing additional capacity for silicon germanium and silicon photonics [27][28] Question: Can you elaborate on the silicon photonics technology supporting receive functions? - Management noted that the new technology for the receive function could add approximately 20% to the served market for specific applications, with expected high shipments in Q4 [36][37] Question: What is driving the recovery in RF mobile? - Management attributed the recovery to inventory corrections and market share gains among customers, with expectations for continued growth in Q3 and Q4 [40][61] Question: How is the company planning for capacity amid evolving customer needs? - Management emphasized that pluggable solutions remain strong, and the transition to silicon photonics is expected to drive demand, with ongoing development for future technologies [46][49] Question: What is the outlook for operating expenses and cash flow? - Management expects operating expenses to remain flat, while cash flow from operations is anticipated to improve as revenue increases, despite ongoing capital expenditures [75][72]

Second Quarter 2025 Financial Results Conference Call Supporting Slides August 4, 2025 Safe Harbor This presentation contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements ...