Tower Semiconductor Ltd
towersemi.comWhat Do They Do?
Processes customer-designed silicon wafers into semiconductors and provides design support for fabless semiconductor companies, chipmakers and module integrators serving communications, data centers, automotive, industrial and other markets.
20-F for FY2025, filed Apr 30, 2026
How Do They Make Money?
Fabless chip companies, integrated device manufacturers and other customers pay for wafer manufacturing, mainly when finished wafers ship. Design and technical support services are generally paid for over time.
20-F for FY2025, filed Apr 30, 2026The Company’s revenue is generated principally from providing its customers with manufacturing services it performs over wafers it…View ↗
Wafer sales typically contain a single performance obligation that is fulfilled on the date of delivery and recognized at a point in time…View ↗
The Company provides its customers with other services that are less significant in scope and amount and for which recognition occurs over…View ↗
$1.6B
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20-F for FY2025, filed Apr 30, 2026
$1.6B ↗
Who Are Their Customers?
Fabless semiconductor companies, integrated device manufacturers and module integrators buy wafer foundry and design services. Most sales are made through Tower's direct sales and business development teams.
20-F for FY2025, filed Apr 30, 2026
20-F for FY2025, filed Apr 30, 2026
The primary customers of our foundry and design services are fabless semiconductor companies and IDMs (including module integrators). Our…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 14 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$48.9M.
20-F for FY2025, filed Apr 30, 2026
$194.2MView ↗
20-F for FY2025, filed Apr 30, 2026
$220.5MView ↗
20-F for FY2025, filed Apr 30, 2026
−$48.9MView ↗
How Are They Changing?
Flat. Revenue was $1.6B in FY2025, about the same as the $1.5B of FY2021.
Facility operations
The latest report says operations at one facility were discontinued and production flows consolidated elsewhere; the older report described that facility as operating and technologically upgraded.
20-F for FY2022, filed May 16, 2023 20-F for FY2025, filed Apr 30, 2026Tower Semiconductor Ltd., an Israeli company, was founded in 1993 with the acquisition of National Semiconductor’s 150-mm wafer fabrication…View ↗
Tower Semiconductor Ltd., an Israeli company, was founded in 1993 with the acquisition of National Semiconductor’s 150-mm wafer fabrication…View ↗
Silicon photonics
The latest report describes silicon photonics as a technology for optical transceivers and says Tower also offers a platform embedding indium phosphide lasers in the chip; the older report does not describe this product platform.
20-F for FY2022, filed May 16, 2023 20-F for FY2025, filed Apr 30, 2026We are focused on establishing leading market share in high-growth specialized markets by providing our customers with high-value wafer…View ↗
In recent years, silicon has also been used to control optical signals in SiPho technology. This technology reduces the cost of assembling…View ↗
Italy facility
The latest report says the shared Italian facility completed qualification and began volume production; the older report described it as under establishment and expected to be qualified for production.
20-F for FY2022, filed May 16, 2023 20-F for FY2025, filed Apr 30, 2026In 2021, we entered into a definitive agreement with ST to share cleanroom space of a 300mm manufacturing fabrication facility in Agrate…View ↗
In 2014, we acquired from Panasonic 51% of a newly established company, TPSCo, which became a foundry for the sale of wafers to Panasonic…View ↗
Who Do They Compete With?
Competes with GlobalFoundries, Vanguard Semiconductor, DongBu, X-Fab, Hua Hong Semiconductor, Taiwan Semiconductor Manufacturing, United Microelectronics, and Semiconductor Manufacturing International
20-F for FY2025, filed Apr 30, 2026The competitive dynamics within the global semiconductor foundry industry are subject to change as companies expand their technology…View ↗
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