Wealth Insights

Tower Semiconductor Stands Tall

Tower Semiconductor Ltd. operates as a international specialty foundry business. Its wholly owned subsidiary, Jazz Semiconductor, Inc., specializes in analog-intensive mixed-signal (AIMS) foundry solutions. Tower and Jazz manufacture integrated circuits with geometries ranging from 1.0 to 0.13-micron, as well as supply design enablement tools to allow complex designs to be accomplished quickly and precisely. The company and its subsidiary offer a range of process technologies, including digital, mixed-signal and RFCMOS, HV CMOS, BCD, non-volatile memory (NVM), embedded NVM, MEMS, and CMOS image sensors. Tower and Jazz maintain 2 fabrication facilities in Israel, as well as one fabrication capability in the United States, with additional capacity accessible through manufacturing partnerships in China. Tower Semiconductor Ltd. was founded in 1993 and is based in Migdal Haemek, Israel.

The PPS is up 51% since the beginning of 2010, and is gaining from a recent tech boom as consumers keep on to grab up high-tech electronics even while other areas of expenditure are lagging. TSEM’s first quarter earnings report topped expectations by 366%, and the semiconductor stock has seen a number of upwards revisions in recent weeks to next quarter’s numbers. That means yet another impressive earnings surprise could be in the works as Tower Semiconductor keeps stand tall.

Recently TowerJazz’s technology has acquired a contract to make its CanestaVision 3D image sensors. This deal will add $200-300 million in annual revenue to TowerJazz. 3D image sensors enable consumers to interact with devices in natural ways and TowerJazz expects them to be widely deployed in a variety of markets including PC, consumer electronics and entertainment, and other industry applications.

It is one of the best stock you can add to diversify your portfolio, as it has good international presence and growth prospects.