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Tower Semiconductor

20 stories about Tower Semiconductor

Intel retreats from $300 million manufacturing pact with Tower Semiconductor

11.02.26|CTech

The 2023 agreement, under which the U.S. chip giant was to manufacture 300-millimeter wafers for Tower’s customers at its New Mexico facility, was struck only weeks after the collapse of Intel’s planned $5.4-billion acquisition.

Chipmaker Tower reports record quarter as silicon photonics drives growth

11.02.26|Omer Kabir

Revenue jumped 14% as profits surged across all metrics. Tower shares have surged by over 170% over the past year to a record market cap of more than $15 billion.

Tower Semiconductor surges after Nvidia deal promises to double AI data center speeds

05.02.26|CTech

Israeli chipmaker scales silicon photonics for 1.6T optical modules supporting Nvidia networking.

Tower Semiconductor surges to $15 billion valuation, tripling Intel’s abandoned bid

29.01.26|CTech

Shares are up more than 160% in six months as investors embrace the AI infrastructure story.

מוסף מנהלים 2025 - ראסל אלוואנגר מנכ"ל טאואר סמיקונדקטור

Tower CEO: "Intel is definitely a competitor now"

31.12.25|Sophie Shulman

Two years after Intel’s aborted $5 billion bid, Tower’s CEO Russell Ellwanger explains how continued investment in silicon photonics turned a would-be acquirer into a rival, and why the company believes its AI-driven growth is structural, not hype.

Two years after Intel deal collapsed, Tower Semiconductor hits $10 billion valuation

10.11.25|Sophie Shulman

The Israeli chipmaker doubles in value, expands AI-focused production, and forecasts record revenue after $5 billion sale fell through.

Tower’s stock tumbles as analog chip glut and AI competition take a toll

13.02.25|Almog Azar

The Israeli chipmaker struggles with oversupply and faces new threats from Chinese AI upstart DeepSeek.

פרוסת סיליקון נכנסת ל מכונת מדידה של נובה בתהליך ייצור שבבים

ASML forecast cuts $1 billion from Israeli chip manufacturer Nova’s market cap

21.10.24|Adiel Eithan Mustaki

Nova, Tower, and Camtek face steep losses after ASML signals slower growth for 2025, impacting global chip demand.

Israel's semiconductor sector has a boost - and which Iranian-born Israeli just invested in a company?

10.09.24|CTech

Also in our AI-native show: Salesforce acquires Israeli data company Own for $1.9 billion in cash

Salesforce’s $2B Own buyout and Tower’s India move show Israel’s strength—and its vulnerabilities

08.09.24|Sophie Shulman

Why Israeli high-tech’s global success may come at a cost to the local economy.

Inside Tower Semiconductor’s strategic shift: why India is now key to its growth

06.09.24|Sophie Shulman

With U.S. and Chinese markets in flux, is India the next big semiconductor hub?

Israel’s Tower Semiconductor joins forces with Adani for $10 billion India chip project

06.09.24|CTech and Reuters

India takes a major leap toward its semiconductor goals with a massive investment from Tower and Adani.

Tower shutting down one Israeli chip factory, pegs hopes on Indian market

15.02.24|Sophie Shulman

CEO Russell Ellwanger said all of the employees from Fab 1 in Migdal Ha’Emek will receive offers to either work in Fab 2 or one of the factories abroad. "There's no point in keeping a factory alive if it's operating at a loss," said Ellwanger. "I've never been more bullish on Tower's future"

Tower’s Q4 revenue falls as auto chips supply glut adds uncertainty

14.02.24|Reuters and CTech

The Israeli chipmaker said it plans to phase out certain lower margin products without providing further details

Chipmaker Tower hoping to set up $8 billion plant in India

11.02.24|CTech and Reuters

Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, according to the Indian Express

Tower extremely optimistic regarding chip business, but needs to back up words with results

21.12.23|Uri Tal-Tenne

In a presentation published with the third quarter reports, Tower revealed a long-term model of sales and profitability potential in which the company's revenues will jump to $2.66 billion, an increase of 87% compared to this year's expected revenues, and the operating profit will jump by 166% to $560 million

מימין: מנכ"ל אינטל פט גלסינגר ומנכ"ל טאואר ראסל אלוואנגר

Tower and Intel sign $300 million foundry deal three weeks after cancellation of $5.4 billion merger

05.09.23|Reuters and CTech

The Israeli chipmaker will acquire and own equipment and other fixed assets to be installed at Intel’s New Mexico factory after receiving $375 million in compensation following the cancellation of the acquisition

Tower Semiconductor: Shifting from Intel to India?

21.08.23|Sophie Shulman

With Intel deal off, Tower Semiconductor could find new ground in India's thriving chip market

מימין מנכ"ל אינטל העולמית פט גלסינגר ומנכ"ל טאואר ראסל אלוונגר

Tower Semiconductor caught in tug-of-war between U.S. and China over chip supremacy

16.08.23|Omer Kabir

Intel’s $5.4 billion acquisition of the Israeli company faltered as geopolitical tensions reshape the chip landscape

Intel abandoning $5.4 billion acquisition of Tower Semiconductor

16.08.23|Reuters and CTech

Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition of the Israeli company on time as required under the contract. Tower to receive $353 million break-up fee