Leveraging Tower’s Mature Silicon Photonics Foundry Platform to Enable Scalable FMCW LiDAR MIGDAL HAEMEK, Israel, and SAN JOSE, CA. – January 05, 2026 – Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, and LightIC Technologies (“LightIC”), a developer of silicon photonics–based FMCW LiDAR solutions, today announced a strategic collaboration leveraging Tower’s mature silicon photonics platform to support LightIC’s Frequency-Modulated Continuous-Wave (F ...

Amid a monster year for the stock, this new position suggests some investors still see runway left in Tower’s analog and data center exposure.Florida-based Hood River Capital Management reported a new position in Tower Semiconductor (TSEM 2.01%) valued at approximately $109.22 million, according to a November 14 SEC filing.What HappenedHood River Capital Management established a new position in Tower Semiconductor (TSEM 2.01%), acquiring 1.51 million shares valued at $109.22 million as of September 30, acco ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Upgrades - Clear Street upgraded Plug Power (PLUG) to Buy from Hold with a price target of $3, down from $3.50, citing attractive upside following a recent selloff and noting dilution from convertible refinancing [2] - Keefe Bruyette upgraded TeraWulf (WULF) to Outperform from Market Perform with a price target of $24, up from $9.50, believing investors are underestimating the shift in TeraWulf's bitcoin mining to high performance compute leasing in 2026 and 2027 [3] Downgrades - Wedbush downgraded GlobalFoundries (GFS) to Neutral from Outperform with a price target of $40, down from $42, indicating that while there is potential for stronger revenues and margins, recent developments have delayed the realization of these catalysts [4] - Wedbush downgraded Tower Semiconductor (TSEM) to Neutral from Outperform with a price target of $125, citing valuation concerns as the stock approaches the firm's target price [4] - Truist downgraded DigitalBridge (DBRG) to Hold from Buy with an unchanged price target of $16, following SoftBank Group's all-cash acquisition announcement at $16 per share, with low probability of a competing bid [4] - Raymond James double downgraded OceanFirst Financial (OCFC) to Market Perform from Strong Buy without a price target, expecting significant dilution from the acquisition of Flushing Financial (FFIC) [4] - Raymond James downgraded Flushing Financial (FFIC) to Market Perform from Outperform without a price target, stating the acquisition by OceanFirst was at a fair price given the earnings challenges faced [4]

MIGDAL HAEMEK, Israel, December 29, 2025 – Tower Semiconductor (NASDAQ/TASE: TSEM), the leading foundry of high value analog semiconductor solutions, today announced that its company representatives will participate in the 28th Annual Needham Growth Conference on Tuesday, January 13th and Wednesday, January 14th. The Conference will take place at the Lotte New York Palace Hotel in New York. There will be an opportunity for investors to meet one-on-one with company representatives. Interested investors shoul ...

Core Insights - 2025 marked the third consecutive year of double-digit increases on Wall Street, with a notable performance from Israeli stocks, although only about a quarter outperformed Wall Street indices [1] Company Performance - **Enlight Renewable Energy (Nasdaq: ENLT; TASE: ENLT)**: The company saw a stock increase of 162% in 2025, with a market cap rising from $2 billion at its IPO in 2023 to over $6 billion. It is recognized as one of the top companies in solar energy projects in the US [2] - **Pagaya (Nasdaq: PGY)**: The stock price increased by 143% in 2025, with a current market cap of $1.8 billion. The company turned a net profit earlier than expected this year, following a significant financial recovery [3][4] - **Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM)**: The chipmaker's stock rose by 135% in 2025, reaching a market cap of $13.6 billion, largely driven by the AI boom [5] - **JFrog (Nasdaq: FROG)**: The company experienced a 127% stock increase, with a market cap of $7.9 billion. The growth was fueled by strong third-quarter results and positive forecasts [6] - **Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT)**: The defense company saw a 125% increase in stock price, achieving a record market cap of $27 billion, supported by a significant order backlog and large international contracts [7]

Core Insights - Renaissance Investment Management's Q3 2025 "International Small Cap Equity Strategy" investor letter indicates a positive trend in international equities, marking the third consecutive quarter of gains and heading towards the best year since 2017 [1] - The portfolio outperformed its benchmark during the quarter, showcasing strong relative performance [1] Company Highlights: Tower Semiconductor Ltd. (NASDAQ:TSEM) - Tower Semiconductor Ltd. is highlighted as a top contributor to the portfolio's performance, with a one-month return of 16.52% and a remarkable 152.70% increase over the last 52 weeks [2][3] - As of December 09, 2025, Tower Semiconductor's stock closed at $124.00 per share, with a market capitalization of $13.903 billion [2] - The company is expanding its capacity in Silicon Photonics and Silicon Germanium to meet the high demand for data centers and artificial intelligence [3] Financial Performance - Tower Semiconductor reported revenue of $396 million in Q3 2025, resulting in a net profit of $54 million [4] - The number of hedge funds holding Tower Semiconductor increased from 28 to 38 in the last quarter, indicating growing interest among institutional investors [4]

Group 1 - Tower Semiconductor will participate in the Nomura's CES Technology Conference on January 5 and 6, 2026, at the Bellagio Hotel in Las Vegas [1][2] - The conference will provide opportunities for investors to engage in one-on-one meetings with company representatives [2] - Tower Semiconductor is recognized as a leading foundry for high-value analog semiconductor solutions, serving various growing markets including consumer, industrial, automotive, mobile, infrastructure, medical, and aerospace and defense [3] Group 2 - The company offers a wide range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensors, non-imaging sensors, displays, integrated power management, photonics, and MEMS [3] - Tower Semiconductor operates multiple facilities, including one in Israel, two in the U.S., and two in Japan, with additional access to a 300mm capacity corridor in Intel's New Mexico factory [3] - The company emphasizes creating a positive and sustainable impact through long-term partnerships and advanced analog technology offerings [3]

Group 1 - Tower Semiconductor will participate in the Nomura's CES Technology Conference on January 5th and 6th, 2026 [1][2] - The conference will be held at the Bellagio Hotel in Las Vegas, providing opportunities for one-on-one meetings with company representatives [2] - Tower Semiconductor is a leading foundry specializing in high-value analog semiconductor solutions, serving various growing markets including consumer, industrial, automotive, mobile, infrastructure, medical, and aerospace and defense [3] Group 2 - The company offers a wide range of customizable process platforms such as SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensors, and MEMS [3] - Tower Semiconductor operates multiple facilities, including one in Israel, two in the U.S., and two in Japan, with additional access to a 300mm capacity corridor in Intel's New Mexico factory [3] - The company emphasizes long-term partnerships and aims to create a positive and sustainable impact through its advanced analog technology offerings [3]

Core Viewpoint - CPO (Co-Packaged Optics) technology is set to revolutionize the external bandwidth of AI data centers, significantly enhancing data transmission speeds and reducing power consumption, marking a shift in computational infrastructure [1][3]. Industry Trends - The silicon photonics industry is on the brink of explosive growth, with over 150 companies forming a diverse ecosystem from upstream SOI/Epi-wafer to downstream cloud computing and AI factories [1][3]. - The competition among foundries is intensifying, with significant investments in silicon photonics capacity and technology, as companies race to establish themselves in the CPO market [3][4]. Foundry Dynamics - Foundries are crucial in transitioning silicon photonics from design to large-scale production, focusing on integrated manufacturing capabilities that combine photonic and electronic components [4][5]. - Samsung is aggressively investing in silicon photonics to challenge TSMC's dominance, positioning CPO technology as a key competitive advantage in the advanced packaging market [5][6]. Strategic Acquisitions - GlobalFoundries' acquisition of Advanced Micro Foundry (AMF) aims to solidify its leadership in silicon photonics, enhancing its manufacturing capabilities and supply chain reliability [7]. - Tower Semiconductor is expanding its production capacity significantly, driven by the surging demand for silicon photonics, with a focus on providing comprehensive delivery packages [8]. Design Services and Integration - Companies like Broadcom are transforming silicon photonics into platform businesses, integrating optical engines directly into their networking solutions to facilitate scalable deployment [12][13]. - Marvell's acquisition of Celestial AI is a strategic move to enhance its optical interconnect capabilities, aiming to provide a comprehensive connectivity platform for AI infrastructure [17][19]. XPU Manufacturers' Role - XPU manufacturers, particularly NVIDIA, are pivotal in driving the commercialization of CPO technology, with NVIDIA's CPO solutions expected to generate significant revenue by 2026 [21][22]. - AMD is also positioning itself in the silicon photonics space through strategic acquisitions and partnerships, focusing on AI interconnect needs [23]. Intel's Foundation - Intel has established itself as a foundational player in the silicon photonics ecosystem, having commercialized the technology early and built a robust supply chain [24][25]. Conclusion - The competition in the "optical chip" space is not just about manufacturing capacity but also about reshaping the interconnect architecture for AI data centers, with CPO technology expected to be fully commercialized by 2027 [26].