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24/7
Headlines
18:17
The Midas of chips does it again with Astera Labs
14:45
There were many basic assumptions about women in the military. They didn’t hold after October 7
14:00
Automotive cyber startup C2A Security nets long-term agreement to protect Daimler Truck
13:10
Israeli high-tech shows signs of recovery with $1.6 billion raised in 105 rounds in Q1 of 2024
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From Yemen to Iran: Israel's new $1 billion spy plane is a war game changer
2
After fleeing Iran and an illustrious career in Israeli intelligence, Sanaz Yashar raises $30M for cyber startup
3
Legendary Israeli investor strikes gold again with Astera Labs
4
Israeli Billionaire Hires Black Cube to Spy on Former Partner Company Vale
5
Cyber startup Coro nets $100 million Series D to make enterprise-grade security accessible to all
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Tower Semiconductor
20 stories about Tower Semiconductor
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
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
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
Intel is in trouble, but the path to recovery goes through Israel
31.07.22
|
Sophie Shulman
For the first time in 30 years, Intel turned a loss. A combination of a cut in the investment budget with the adoption of the microchip law in the US, puts Israel at a disadvantage. But the company's recovery from the crisis may go through the application of smart capital, which characterizes its investments here
Principles towards success
05.05.22
|
Russell Ellwanger
"John F. Kennedy stated: “I am an idealist without illusions." Such is the Tower DNA. If one relentlessly pursues high ideals, treats friendships as the treasure most dear with the understanding that friendship and loyalty are synonymous, such a person has a deep fountain of power," writes Russell Ellwanger, CEO of Tower Semiconductor
Intel Inside: CEO shares his plans to restoring the chip giant’s supremacy
01.03.22
|
Sophie Shulman
A year after taking over the helm, Intel CEO Pat Gelsinger sees Israel as a key piece of the puzzle
After decades of uncertainty, Tower is reaping the benefits of the chaos in the chip market
15.02.22
|
Sophie Shulman
The Israeli chip company is being sold to Intel for $5.4 billion; The deal comes after years of uncertainty over Tower's viability, but today the company is able to meet Intel's need to split its production capabilities and reduce activity in the East
Intel acquiring Israel's Tower Semiconductor for $5.4 billion
15.02.22
|
Reuters and CTech
Tower specializes in analog chips used in the automotive, mobile, medical and aerospace industries. It had a market capitalization of $3.6 billion as of Monday's close
Tower announces 'all systems go' following a disruptive ransom cyberattack
10.09.20
|
Meir Orbach
Due to the manufacturing disruption, the company expects some level of impact on its third-quarter results
RYUK virus running riot as it strikes down another victim in Tower
08.09.20
|
Meir Orbach
It is believed that Tower wasn't the only Israeli company that came under attack by the virus over the past weekend
Tower to pay hundreds of thousands of dollars to hackers who paralyzed its manufacturing
07.09.20
|
Meir Orbach
The Israeli semiconductor company’s insurance firm will cover the costs for the ransomware attack
Tower proves there is no shame in being the victim of a cyberattack
06.09.20
|
Meir Orbach
The companies that should really be ashamed are the ones that think that they can hide the breach, not understanding that it will be revealed in retrospect or while it's ongoing
Israeli chipmaker Tower confirms cyberattack forced it to shut down systems
06.09.20
|
Meir Orbach
Tower notified the relevant authorities, including law enforcement, of the incident and reported it to the Tel Aviv Stock Exchange on Sunday, but didn't say whether it was the victim of a ransomware attack
Tower Semiconductor Announces Medical Chip Development With Chinese Biotech Company Axbio
06.03.19
|
Hezi Sternlicht
Tower stated the device, which is intended for blood test analyses, is planned to go into production in mid-2019
Earnings Report Boosts Tower Semiconductor on Nasdaq Despite Cut to Profits
20.02.19
|
Hezi Sternlicht
Tower lost around 50% of its stock valuation over the past 12 months
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