Tower Semiconductor Ltd.
Fact box:
- Founded: 1993
- HQ: Migdal HaEmek, Israel
- Listings: NASDAQ: TSEM; TASE: TSEM (dual primary)
- Sector: Semiconductor specialty foundry
Tower Semiconductor operates as the major Israeli specialty foundry, manufacturing analog, mixed-signal, RF, and power-management integrated circuits for fabless semiconductor customers globally. The company operates substantial wafer-fabrication capacity in Israel (Migdal HaEmek and Newport Beach via the legacy Newport Beach fab acquisition) alongside additional capacity through partnership arrangements.
The 2022 announced Intel acquisition of Tower at approximately $5.4 billion was terminated in 2023 following regulatory review challenges, with Tower continuing as an independent public company. The post-termination period has continued the company's independent operating activity.
Tower's customer base spans automotive, industrial, communications, and consumer-electronics fabless semiconductor operators globally. The specialty-foundry positioning serves the substantial market for analog and mixed-signal silicon outside the major leading-edge digital-logic foundry concentration at TSMC, Samsung Foundry, and Intel Foundry.
Coverage in The Olam:
/diaspora-investment/israeli-adr-universe//glossary/dual-primary-listing/