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].

Company Overview - Tower Semiconductor is a leading foundry specializing in high-value analog semiconductor solutions, providing technology, development, and process platforms for various growing markets including consumer, industrial, automotive, mobile, infrastructure, medical, and aerospace and defense [3] - The company focuses on creating a positive and sustainable impact through long-term partnerships and innovative analog technology offerings, which include 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 globally, including one in Israel, two in the U.S., and two in Japan, along with shared and accessed capacities in Italy and New Mexico, ensuring multi-fab sourcing and extended capacity for its customers [3] Upcoming Events - Tower Semiconductor representatives will participate in the Barclays 23rd Annual Global Technology Conference on December 10, 2025, at the Palace Hotel in San Francisco, providing an opportunity for investors to engage in one-on-one meetings [1][2]

Company Overview - Tower Semiconductor is a global specialty foundry that provides technology and manufacturing platforms for a diverse range of customers [1] - The company focuses on analog and mixed-signal technologies and offers customizable process technologies including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS [4] - Tower serves various markets such as consumer electronics, personal computers, communications, automotive, industrial, aerospace, military, and medical device products [4] Investment Activity - G2 Investment Partners Management LLC increased its position in Tower Semiconductor by adding 174,929 shares during the third quarter, bringing its total stake to 289,929 shares valued at approximately $20.96 million as of September 30, 2025 [2] - The fund's investment in Tower now represents 4.2% of its 13F assets under management [3] - Tower Semiconductor is now the third largest holding for G2 Investment Partners, which had no position as of March 31 [5] Financial Performance - Tower Semiconductor reported a 6% sequential increase in revenue for the third quarter and expects growth to accelerate to about 11% in the fourth quarter [6] - As of December 2, the company's market capitalization was $13.1 billion, with trailing twelve months (TTM) revenue of $1.5 billion and net income of $191.3 million [3] Future Growth Plans - Tower is investing an additional $300 million in capital for capacity growth and next-generation capabilities to support its customer base [8] - The investment management firm G2 is looking to participate in Tower's anticipated growth spurt [8]

Core Insights - Tower Semiconductor has seen significant increases in institutional investments, with several large investors raising their stakes in the company during the first quarter of the year [1][7] - Analysts have raised their price targets for Tower Semiconductor, indicating a positive outlook for the stock, with a consensus target price of $119.25 [2] - The company's recent quarterly earnings report met analysts' expectations, showing a revenue increase of 6.9% year-over-year [4] Institutional Investment - Menora Mivtachim Holdings LTD. increased its holdings by 39.7%, now owning 1,879,207 shares valued at $67.01 million after acquiring 533,700 shares [1] - Voya Investment Management LLC grew its stake by 45.1%, owning 918,068 shares worth $32.74 million after purchasing 285,471 shares [1] - Invesco Ltd. raised its holdings by 14.2%, now owning 2,010,856 shares valued at $71.71 million after acquiring 249,621 shares [1] - Wellington Management Group LLP lifted its position by 12.2%, owning 2,240,229 shares worth $79.89 million after purchasing 243,267 shares [1] - Granahan Investment Management LLC bought a new stake valued at approximately $6.19 million [1] - Institutional investors collectively own 70.51% of Tower Semiconductor's stock [1] Analyst Ratings - Wedbush raised its price objective from $85.00 to $125.00, rating the stock as "outperform" [2] - Benchmark increased its price target from $73.00 to $120.00, giving a "buy" rating [2] - Barclays raised its target from $74.00 to $97.00, assigning an "equal weight" rating [2] - Susquehanna increased its target from $100.00 to $135.00, rating the company as "positive" [2] - The average rating for Tower Semiconductor is "Moderate Buy" with a consensus target price of $119.25 [2] Financial Performance - Tower Semiconductor reported earnings per share (EPS) of $0.55 for the last quarter, matching analysts' expectations [4] - The company had revenue of $395.67 million, slightly above the consensus estimate of $394.98 million [4] - Revenue increased by 6.9% compared to the same quarter last year [4] - The company had a return on equity of 7.37% and a net margin of 13.20% [4] Company Profile - Tower Semiconductor Ltd. is an independent semiconductor foundry specializing in analog intensive mixed-signal semiconductor devices [5] - The company offers various customizable process technologies, including SiGe, BiCMOS, mixed signal/CMOS, RF CMOS, CMOS image sensor, integrated power management, and MEMS [5] Stock Performance - Tower Semiconductor's shares opened at $108.16, with a one-year low of $28.64 and a high of $109.06 [3] - The company has a market capitalization of $11.99 billion and a PE ratio of 62.16 [3] - The debt-to-equity ratio is 0.05, with a quick ratio of 5.50 and a current ratio of 6.57 [3]

Group 1 - Intel has entered a new foundry agreement with Tower Semiconductor, involving a $300 million investment in Intel's Rio Rancho facility in New Mexico [2] - Tower Semiconductor will gain production capacity of over 600,000 photo layers per month to meet customer demand for next-generation 300 mm chips [2] - The collaboration aims to focus on advanced power management and RF SOI solutions, with plans for full process qualification in 2024 [2] Group 2 - Intel's foundry services have seen significant growth, with Q2 revenue reaching $232 million, a year-over-year increase of over 300% [3] - Intel aims to become the second-largest external foundry provider globally by 2030 [3] - Prior to this agreement, Intel and Tower Semiconductor had terminated a previous acquisition deal, with Intel paying a breakup fee of $353 million [3]

Market Performance - The Tel Aviv Stock Exchange experienced a decline, with the Tel Aviv 35 Index falling by 1.15% to 3,320.72 points, and the Tel Aviv 125 Index decreasing by 1.20% to 3,359.47 points. The BlueTech Global Index also dropped by 1.36% to 574.59 points [1] - The All Bond corporate bond index saw a slight increase of 0.09% to 419.78 points. Total turnover in equities was NIS 1.54 billion, while bond turnover reached NIS 1.97 billion [1] Currency Exchange Rates - The shekel-dollar exchange rate was set 0.644% higher at NIS 3.28/$, and the shekel-euro rate increased by 0.834% to NIS 3.784/€ [2] Notable Stock Movements - Nice (Nasdaq: NICE; TASE: NICE) recorded the largest gain on the Tel Aviv 35 Index, rising by 4.60%. Other banks such as Bank Hapoalim (TASE: POLI), Mizrahi Tefahot Bank, Israel Discount Bank (TASE: DSCT), and First International Bank of Israel (TASE: FTIN1; FTIN5) also saw modest increases [2] - Conversely, Bank Leumi (TASE: LUMI) led the market decline with a drop of 0.51%. Tower Semiconductor Ltd. (Nasdaq: TSEM; TASE: TSEM) experienced the largest fall on the Tel Aviv 35 Index, decreasing by 8.37%. Other notable declines included Camtek (Nasdaq: CAMT; TASE: CAMT) down 5.22%, Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) down 1.53%, Elbit Systems Ltd. (Nasdaq: ESLT; TASE: ESLT) down 3.40%, and Delek Group (TASE: DELKG) down 4.32% [3]

Group 1 - Katamaran Capital LLP disclosed a new position in Tower Semiconductor Ltd., acquiring 73,635 shares valued at $5.32 million [2][7] - The new position in Tower Semiconductor represents 4.86% of Katamaran Capital's 13F assets under management as of Q3 2025 [3] - Tower Semiconductor Ltd. specializes in analog and mixed-signal semiconductor manufacturing, serving high-growth sectors such as automotive, communications, and industrial electronics [8] Group 2 - As of November 5, 2025, Tower Semiconductor has a market capitalization of $9.76 billion and reported revenue of $1.51 billion with a net income of $195.46 million [4] - The company operates as an independent foundry, generating revenue primarily through customizable process technologies and manufacturing services for integrated device manufacturers and fabless companies [5] - Tower Semiconductor serves a diversified customer base across various markets, including consumer electronics, communications, automotive, industrial, aerospace, military, and medical devices [6]

Market Overview - The Tel Aviv Stock Exchange experienced a decline, with the Tel Aviv 35 Index falling by 1.90% to 3,385.71 points, and the Tel Aviv 125 Index also decreasing by 1.90% to 3,431.45 points. The BlueTech Global Index dropped by 2.31% to 580.96 points. The All Bond corporate bond index saw a slight decrease of 0.09% to 419.37 points. Total turnover in equities was NIS 3.90 billion, while bonds totaled NIS 4.29 billion [1]. Currency Exchange Rates - The representative shekel-dollar rate increased by 0.895% to NIS 3.27/$, and the shekel-euro rate rose by 0.787% to NIS 3.789/€ [2]. Major Company Movements - Bank Leumi led the market with a decline of 0.79% on the highest trading turnover. Other banks also saw declines: Bank Hapoalim fell by 1.04%, Israel Discount Bank decreased by 0.38%, and Mizrahi Tefahot Bank dropped by 1.68% [2]. - Nice experienced the largest drop on the Tel Aviv 35 Index, falling by 18.72%. Tower Semiconductor Ltd. decreased by 2.15%, and Teva Pharmaceutical Industries Ltd. fell by 2.04%. Phoenix Financial dropped by 2.14%, while Bezeq Israel Telecommunications Company Ltd. saw a significant decline of 4.36% after its controlling shareholder began selling shares [3]. - In contrast, NewMed Energy rose by 1.25%, marking the largest increase on the Tel Aviv 35 Index. Melisron and Strauss Group also saw slight increases of 0.4% and 0.76%, respectively. Outside the Tel Aviv 35 Index, B Communications rose by 2.99% after selling its controlling stake in Bezeq [4].

Market Overview - The Tel Aviv Stock Exchange showed mixed results with the Tel Aviv 35 Index increasing by 0.12% to 3,451.39 points, while the Tel Aviv 125 Index decreased by 0.22% to 3,497.86 points, and the BlueTech Global Index fell by 0.49% to 594.70 points [1] - The All Bond corporate bond index rose by 0.05% to 419.75 points, with total turnover reaching NIS 3.83 billion in equities and NIS 5.11 billion in bonds [1] Foreign Exchange Market - The shekel-dollar rate was set 0.185% higher at NIS 3.241/$, while the shekel-euro rate decreased by 0.051% to NIS 3.759/€ [2] Company Performance - Elbit Systems Ltd. led the market with a significant rise of 6.97%, attributed to a major new deal, marking the largest increase on the Tel Aviv 35 Index [3] - Other notable gainers included Delek Group, which rose by 1.99%, Tower Semiconductor Ltd. with a 0.50% increase, Phoenix Financial up by 3.01%, and Enlight Renewable Energy rising by 2.21% [3] Decliners - Nice experienced the largest decline on the Tel Aviv 35 Index, falling by 2.23% [4] - Other banks that saw declines include Bank Leumi down by 1.17%, Bank Hapoalim down by 1.38%, Mizrahi Tefahot Bank down by 1.69%, and Israel Discount Bank down by 1.80% [4]