Financial Data and Key Metrics Changes - The company reported annual revenue of $1.44 billion for 2024, with a net profit of $208 million and a fourth-quarter revenue of $387 million, reflecting an 18% growth from Q1 to Q4 and a 10% year-over-year growth for the fourth quarter [11][34] - The guidance for Q1 2025 is set at a midpoint of $385 million, indicating approximately 10% year-over-year growth [11][34] - Gross profit for Q4 2024 was $87 million, slightly up from $84 million in Q4 2023, while operating profit was $46 million compared to $45 million in the prior year [36] Business Line Data and Key Metrics Changes - RF Infrastructure revenue was approximately $241 million, accounting for 17% of total revenue, with expectations for strong growth in 2025 following a near doubling in 2024 [13] - RF Mobile revenue was about $418 million, representing 29% of total revenue, with anticipated decreases in 2025 due to a forecasted decline in the Android market [13][14] - Power Management and Discrete revenue was around $426 million, making up 36% of total revenue, with expected growth in 2025 for advanced 300-millimeter platforms [14][15] - Sensor Display revenue was about $221 million, or 15% of total revenue, with moderate growth expected in 2025 [15] Market Data and Key Metrics Changes - The RF Infrastructure segment was the fastest-growing in 2024, driven by investments in cloud computing and AI clusters [17] - The company is seeing strong demand for silicon germanium and silicon photonics technologies, particularly in optical transceivers [19][21] - The mobile market is experiencing headwinds, particularly in the Android segment, with expectations of a reduction in RF Mobile business by upper teens percentage [50][102] Company Strategy and Development Direction - The company is focused on capacity investments, including a $350 million investment to enhance 5G capabilities and a commitment to invest up to $300 million in Intel's New Mexico fab facility [42][44] - The strategy includes transitioning to advanced 300-millimeter platforms to capture market share and improve margins [24][96] - The company aims to achieve a revenue target of $2.66 billion annually by fully loading existing facilities and expanding capacity [45] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving year-over-year growth in 2025, with expectations for strong performance in the second half of the year [32][114] - The company is strategically repurposing capacities to align production with evolving customer needs, which may temporarily lower utilization rates [29] - Management noted that the current low tax rates are due to one-time benefits, with a long-term effective tax rate expected to be around 15% [38] Other Important Information - The company is actively engaged in partnerships for emerging markets, including SATCOM and automotive applications [23] - Utilization rates across various fabs were reported, with Fab 1 at 70%, Fab 2 and Fab 9 at approximately 55%, and Fab 7 at 90% [30] Q&A Session Summary Question: Expectations for the mobile market contraction - Management indicated a reduction in the RF Mobile business, particularly in the Android segment, with a forecasted decline in the upper teens percentage [50][102] Question: Incremental margin and Agrate ramp impact - Management expects no additional headwinds for the rest of the year, with a 50% incremental margin model anticipated to work as planned [53] Question: Revenue guidance for Q1 - The guidance for Q1 indicates a revenue of $358 million, which aligns with seasonal trends but still shows year-over-year growth [57] Question: Growth in RF Infrastructure business - Management noted strong growth expectations for RF Infrastructure, driven by data center-related business and silicon photonics advancements [66][68] Question: Power management business growth - The power management business is expected to grow year-over-year, while the discrete business is anticipated to decline [124]

Financial Performance - Revenues for Q4 2024 were $387 million, a 5% increase from Q3 2024 and a 10% increase from Q4 2023, achieving an 18% growth from Q1 2024 to Q4 2024 [2] - Gross profit for Q4 2024 was $87 million, up from $84 million in Q4 2023 [3] - Operating profit for Q4 2024 was $46 million, compared to $45 million in Q4 2023 [3] - Net profit for Q4 2024 was $55 million, with earnings per share of $0.49, consistent with Q4 2023 [4] - Full year 2024 revenues were $1.44 billion, with a net profit of $208 million, or $1.87 per share, compared to $1.42 billion and $518 million, or $4.70 per share, in 2023 [5][23] Cash Flow and Investments - Cash flow from operating activities for Q4 2024 was $101 million, while investments in property and equipment were $93 million [4][6] - For the full year 2024, cash flow from operating activities was $449 million, with net investments in property and equipment totaling $432 million [6][29] Strategic Developments - The company discontinued lower margin legacy 150mm flows in Fab1 during Q4 2024, transferring strategic flows to the Fab2 200mm factory to enhance efficiency [7] - The company projects Q1 2025 revenues to be $358 million, indicating a potential 10% year-over-year growth [8] Management Commentary - The CEO expressed satisfaction with the company's progress in launching differentiated platforms and emphasized a focus on sustainable growth and customer innovation [9]

Company Overview - Tower Semiconductor is a leading foundry specializing in high-value analog semiconductor solutions, providing technology, development, and process platforms for various markets including consumer, industrial, automotive, mobile, infrastructure, medical, and aerospace and defense [3]. Upcoming Earnings Release - Tower Semiconductor will release its fourth quarter and fiscal year 2024 earnings on February 10, 2025, and will hold a conference call to discuss the financial results and first quarter 2025 guidance at 10:00 a.m. Eastern Time on the same day [1]. Conference Call Details - The conference call will be webcast and accessible through the Investor Relations section of Tower Semiconductor's website, where participants can pre-register for dial-in participation [2].

Company Overview - Tower Semiconductor is a leading foundry specializing in high-value analog semiconductor solutions, providing technology, development, and process platforms for integrated circuits (ICs) across various growing markets including consumer, industrial, automotive, mobile, infrastructure, medical, and aerospace and defense [4]. Upcoming Event - Tower Semiconductor representatives will participate in the 27th Annual Needham Growth Conference on January 14 and 15, 2025, at the Lotte New York Palace Hotel in New York, offering investors the opportunity for one-on-one meetings [1][3]. Technology and Services - The company focuses on creating a sustainable impact through long-term partnerships and advanced 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 [4]. - Tower Semiconductor provides world-class design enablement for quick and accurate design cycles, as well as process transfer services including development, transfer, and optimization for Integrated Device Manufacturers (IDMs) and fabless companies [4]. Manufacturing Facilities - Tower Semiconductor operates multiple facilities to support its production capabilities, including two in Israel (150mm and 200mm), two in the U.S. (200mm), two in Japan (200mm and 300mm), a 300mm facility in Agrate, Italy, shared with ST Microelectronics, and a 300mm capacity corridor in Intel's New Mexico factory [4].

Delivering high-efficiency power, high-performance analog, and high-density digital in a single power management platform for mobile, AI, and data center applications  MIGDAL HAEMEK, Israel, December 23, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, today announced its new 300mm 65nm 3.3V-based BCD Power management platform, PML, in addition to its successful 5V-based offering already in high-volume production in Japan and that which is being ...

Featuring industry-leading figures of merit addressing the evolving needs for next-generation datacom applications  MIGDAL HAEMEK, Israel, November 26, 2024 – Tower Semiconductor (NASDAQ/TASE: TSEM), a leading foundry of high-value analog semiconductor solutions, today announced the release of its new 300mm Silicon Photonics (SiPho) process as a standard foundry offering. This advanced process complements Tower's well-established 200mm (PH18) platform that is in high-volume production today, providing its c ...

Tower Semiconductor Ltd TSEM tanked in trading on Thursday, after the company reported upbeat third-quarter results.The company reported strong results and announced higher-than-expected guidance on "aggressive AI-levered demand," according to Benchmark.Analyst Cody Acree reiterated a Buy rating on Tower Semiconductor while raising the price target from $55 to $60.The Tower Semiconductor Thesis: The company reported sales of $371 million and earnings of 57 cents per share, higher than consensus of $370 mill ...

Exhibit 99.1 Tower Semiconductor Reports 2024 Third Quarter Financial Results 2024 Fourth Quarter Revenue Guidance Completes Year of Quarter Over Quarter Growth Announces Additional SiPho and SiGe Capacity Build Out, Strategically Serving Expansive Customer Demand MIGDAL HAEMEK, ISRAEL – November 13, 2024 – Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the third quarter ended September 30, 2024. Third Quarter of 2024 Results Overview Revenue for the third quarter of 2024 was ...

2024 Fourth Quarter Revenue Guidance Completes Year of Quarter Over Quarter Growth Announces Additional SiPho and SiGe Capacity Build Out, Strategically Serving Expansive Customer Demand MIGDAL HAEMEK, Israel, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the third quarter ended September 30, 2024. Third Quarter of 2024 Results Overview Revenue for the third quarter of 2024 was $371 million as compared to $351 million for the second quarter o ...

Tower Semiconductor Ltd. TSEM will release earnings results for its third quarter, before the opening bell on Wednesday, Nov. 13.Analysts expect the Migdal Haemek, Israel-based company to report quarterly earnings at 53 cents per share, down from 54 cents per share in the year-ago period. Tower Semiconductor projects to report revenue of $370.32 million for the quarter, compared to $358.17 million a year earlier, according to data from Benzinga Pro.On July 24, Tower Semiconductor reported a fiscal second-qu ...