Tower Semiconductor
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Migdal Haemek , | |
Key people | Russell Ellwanger (CEO) Amir Elstein (Chairman) |
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Revenue | ![]() |
Subsidiaries | Tower Semiconductor Newport Beach, Inc (previously Jazz Semiconductor) |
Website | www |
Tower Semiconductor Ltd. is an
Overview
The company manufactures specialty analog integrated circuits for semiconductor companies such as:
Tower Semiconductor is an Israeli public company that is traded on
History
Tower Semiconductor was founded in 1993, with the acquisition of National Semiconductor’s 150mm wafer fabrication facility in Migdal Haemek, Israel. Tower became a public company in 1994 and shares are traded on NASDAQ (TSEM) and Tel Aviv Stock Exchange (TSEM). In January 2001, an adjacent facility (Fab 2) was constructed.
In September 2008, Tower acquired Jazz Semiconductor in a stock for stock transaction. In November 2009, the combined companies officially launched as TowerJazz.[citation needed]
In June 2011, TowerJazz acquired Micron Technology's fabrication facility in Nishiwaki City, Hyogo, Japan. The acquisition nearly doubled TowerJazz's 2010 internal manufacturing capacity and cost-effectively increased production by 60,000 wafers per month.
In April 2014, TowerJazz announced the successful transaction with Panasonic Corporation (First Section of TSE and NSE ticker: 6752) to form a newly established Japanese company, TowerJazz Panasonic Semiconductor Co. (TPSCo) for the manufacture of Panasonic and additional third-party products. TowerJazz announced cessation of its Nishiwaki facility operations in the course of rationalizing and restructuring its manufacturing and business activities in Japan. This enables the company to reduce its annual fixed costs by approximately $130 million per annum.[citation needed]
In February 2016, TowerJazz announced the successful acquisition of an 8-inch wafer fabrication facility in San Antonio, Texas, United States from
On 21 August 2017, TowerJazz, and Tacoma (Nanjing) Semiconductor Technology Co., Ltd announced that TowerJazz received a first payment from Tacoma (Nanjing) according to their agreement for establishing a partnership to build a wafer fab in China. TowerJazz would provide its technical knowledge and project management skills, meanwhile Tacoma (Nanjing), and a Chinese regional authorities named Nanjing Economic and Technology Development Zone, would fully support and fund the project.[9][10] On 22 June 2020, the Chinese court announced that Tacoma (Nanjing) Semiconductor Technology Co., Ltd was in bankruptcy proceedings.[11]
On March 1, 2020, TowerJazz announced a new brand identity. As of March 2020, the company's official brand name is Tower Semiconductor and includes all of the company's worldwide subsidiaries.[12]
On February 15, 2022, Intel announced an agreement to acquire Tower Semiconductor for $5.4 billion.[13][14] On August 16, 2023, Intel terminated the acquisition as it failed to obtain approval from Chinese regulators within the 18-month transaction deadline period and will pay a termination fee of $353 million to Tower.[15][16]
Fabrication facilities
Fab 1 6" Migdal Haemek, Israel
Fab 1, located in
Fab 2 8" Migdal Haemek, Israel
Fab 2, a 200 mm wafer facility was constructed in January 2001, adjacent to Fab 1 in Migdal Haemek, Israel and was designed to operate in geometries of 0.18-micron and below, using advanced CMOS technology.
Fab 3 8" Newport Beach, California
Fab 3, located in
Fab 9 8" San Antonio, Texas
Fab 9, located in San Antonio, Texas, United States was acquired by Tower in 2016 from Maxim Integrated.[17]
Additional fabs through TPSCo
TPSCo is 51% owned by Tower Semiconductor Ltd. (
Process technology offerings
Tower Semiconductor offers[19] a broad range of advanced analog process technologies. The company's analog technology offerings include: SiGe BiCMOS, Silicon Photonics, and RF CMOS (SOI and bulk) for radio frequency (RF) and high performance analog (HPA) applications; CMOS image sensor (CIS); non-imaging sensors, power management, including 700 V BCD; CMOS; mixed-signal CMOS and MEMS capabilities. Tower Semiconductor's modular and customizable processes are available on either 150 mm, 200 mm or 300 mm wafers in its seven fabrication facilities.
See also
References
- ^ "Tower Semiconductor LTD. (TSEM) Income Statement - Yahoo Finance".
- ^ "RF SOI Foundry Biz Heats Up", Semiconductor Engineering, 13 November 2014
- ^ "Tower Semi, Korea produce CMOS image sensor", EE Times Europe, 9 October 2014
- ^ "Report: Medical image sensor market to reach $142M by 2019", Vision Systems Design, 21 October 2014
- ^ TowerJazz Announces Completion and Kick-off of its Joint Venture with Panasonic Corporation, 1 April 2014
- ^ "Tower makes IR sensor for Intel RealSense", EE Times Europe, 4 March 2015
- ^ Inphi Qualified TowerJazz for Production of Advanced Silicon Photonics Integrated Circuits, 5 December 2019
- ^ "TowerJazz set to become world's No. 1 specialty foundry", Globes, 23 January 2011 As on 15th February 2022, Intel announce that it's going to acquire Tower Semiconductor
- ^ "TowerJazz and Tacoma Announce a Partnership for a New 8-inch Fabrication Facility in Nanjing, China". 21 August 2017.
- ^ "Tower confirms Chinese fab project". 21 August 2017.
- ^ Intermediate People's Court of Nanjing City, Jiangsu Province. "Announcement". ACPPRC. Archived from the original on 1 October 2020. Retrieved 1 October 2020.
- ^ "TowerJazz Announces New Brand Identity". Tower Semiconductor. 27 February 2020. Retrieved 2021-02-17.
- ^ "Intel nears $6 billion deal to buy Tower Semiconductor". Yahoo. Retrieved 2022-02-15.
- ^ Sawers, Paul (2022-02-15). "Intel to acquire contract chipmaker Tower Semiconductor for $5.4B". VentureBeat.
- ^ "Intel scraps $5.4 bln Tower deal after China review delay". Reuters. Retrieved 2023-08-16.
- ^ Clark, Don; Bradsher, Keith (2023-08-16). "China Scuttles a $5.4 Billion Microchip Deal Led by U.S. Giant Intel". The New York Times. Retrieved 2023-08-16.
- ^ "TowerJazz Completes Acquisition of Maxim's Fabrication Facility in San Antonio, Texas" (PDF). TowerJazz Website.
- ^ "TPSCo Manufacturing Facilities - Tower Semiconductor". towersemi.com. 2021-06-09. Retrieved 2022-09-01.
- ^ "TowerJazz Technology Offerings". TowerJazz. 30 January 2018.