Company Quick10K Filing
Tower Semiconductor
20-F 2019-12-31 Filed 2020-04-30
20-F 2018-12-31 Filed 2019-04-25
20-F 2017-12-31 Filed 2018-04-30
20-F 2016-12-31 Filed 2017-04-10
20-F 2015-12-31 Filed 2016-05-11
20-F 2014-12-31 Filed 2015-05-14
20-F 2013-12-31 Filed 2014-05-14
20-F 2012-12-31 Filed 2013-04-30
20-F 2011-12-31 Filed 2012-04-30
20-F 2010-12-31 Filed 2011-05-17
20-F 2009-12-31 Filed 2010-04-30

Tower Semiconductor Financials

TSEM Metrics, Comps, Filings

Quarterly | Annual

Business

We are a pure-play independent specialty foundry dedicated to the manufacture of semiconductors. Typically, pure-play foundries do not offer products of their own, but focus on producing integrated circuits, or ICs, based on the design specifications of their customers. We manufacture semiconductors for our customers primarily based on third party designs. We currently offer the process manufacture geometries of 0.35, 0.50, 0.55, 0.60, 0.80-micron and above on 150-mm wafers and 0.35, 0.18. 0.16, 0.13 and 0.11-micron on 200-mm wafers and 65 nanometer and 45 nanometer on 300-mm wafers. We also provide design support and complementary technical services. ICs manufactured by us are incorporated into a wide range of products in diverse markets, including consumer electronics, personal computers, communications, automotive, industrial, aerospace and medical device products.

We are focused on establishing leading market share in high-growth specialized markets by providing our customers with high-value wafer foundry services. We manufacture standard analog complementary metal oxide semiconductor ("CMOS") process technology, which is a widely used method of producing ICs, and we specialize in specific technologies including CMOS image sensors, wireless antenna switch Silicon-on-Insulator (SOI), mixed-signal, radio frequency CMOS (RFCMOS), bipolar CMOS (BiCMOS), and silicon-germanium BiCMOS (SiGe BiCMOS or SiGe), high voltage CMOS, radio frequency identification (RFID) technologies, MEMS and power management. To better serve our customers, we have developed and are continuously expanding our technology offerings in these fields. Through our experience and expertise gained during more than twenty five years of operation, we differentiate ourselves by creating a high level of value for our customers through innovative technological processes, design and engineering support, competitive manufacturing indices, and dedicated customer service.

Tower was founded in 1993, with the acquisition of National Semiconductor's 150-mm wafer fabrication facility located in Migdal Haemek, Israel, and commenced operations as an independent foundry. Since then, we have significantly upgraded our Fab 1 facility, equipment, capacity and technological capabilities with process geometries ranging from 1.0-micron to 0.35-micron and enhanced our process technologies to include CMOS image sensors, embedded flash, advanced analog, RF (radio frequency) and mixed-signal technologies. Recently, we integrated advanced single Poly NVM into the Fab 1 process flows and are currently in the process of evaluating the development of GaN technological platform (GaN on Si).


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
SunPower (SPWR) 2,172 3% 13.5 1% 1,890 2,050 1,717 59 26 149 2,010
Ambarella (AMBA) 2,132 58% -88.3 -6% 514 69 172 99 -32 -21 1,880
Diodes (DIOD) 2,067 37% 10.6 8% 1,610 533 1,262 471 136 174 1,847
OSI Systems (OSIS) 1,996 36% 16.2 4% 1,290 749 1,207 434 57 134 2,172
O2Micro (OIIM) 1,970 0% 89 10 0 0 0 0 1,937
MaxLinear (MXL) 1,594 53% 39.1 -2% 707 293 335 177 -11 45 1,743
Jinkosolar Holding (JKS) 1,561 0% 35,853 27,399 0 0 0 0 220
Kulicke & Soffa (KLIC) 1,558 47% 17.3 1% 1,080 311 540 255 12 69 1,194
Rambus (RMBS) 1,503 62% -36.3 -6% 1,300 339 233 143 -83 -43 1,558
MACOM Technology (MTSI) 1,434 44% -7.1 -35% 1,106 792 500 221 -384 -284 2,021
FormFactor (FORM) 1,428 40% 18.4 13% 794 179 552 219 106 73 1,350
Tower Semiconductor (TSEM) 1,427 0% 1,790 554 0 0 0 0 1,042
Synaptics (SYNA) 1,331 35% 55.7 -2% 1,424 770 1,394 482 -23 18 980
Himax Technologies (HIMX) 1,195 0% 837 394 0 0 0 0 1,030
Xperi (XPER) 1,006 97% -26.7 -4% 1,038 475 190 183 -47 -50 1,324
Quantenna Communications (QTNA) 928 50% 118.0 1% 258 46 170 85 4 8 888
Canadian Solar (CSIQ) 898 0% 4,893 3,620 0 0 0 0 788
Photronics (PLAB) 781 22% 4.7 4% 1,119 208 551 121 40 130 616
Smart Global Holdings (SGH) 757 19% 12.8 3% 783 511 1,090 207 21 67 850
CEVA (CEVA) 708 88% 334.6 -1% 294 45 59 52 -3 2 693

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash101123113187176355446385
Accounts Receivable75798099110141150153
Inventory69666588106138143171
PP&E4991,6701,7071,9362,1012,4272,6252,830
Assets8578157068849661,3801,6741,790
Accounts Payable1128166999299115104
Long-Term Debt
Liabilities683595565689581697644554
Stockholders' Equity1752201411963866831,0301,236
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax
Net Income
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating
Cash Investing
Cash Financing