The Latest Breaking News from Tower Semiconductor Ltd

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are down -0.21%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are down -0.27%. Stock index futures this morning are moderately lower. Stocks are also under pressure this morning after Moody’s Investors Service late Friday cut its outlook on the U.S....

Chip sales are unlikely to slow down anytime soon due to its increasing and wide-ranging applications. Given the industry’s growth prospects, investors can consider buying fundamentally strong stocks Tower Semiconductor (TSEM), Diodes (DIOD), and Photronics (PLAB) instead of Advanced Micro Devices (AMD). Read on….

The semiconductor industry is thriving, driven by rising chip demand in various sectors and widespread adoption of innovative technologies. Hence, fundamentally strong semiconductor stocks Tower Semiconductor (TSEM), inTEST (INTT), and Amkor Technology (AMKR), which are pretty popular among early investors, might be solid buys this month. Read on.

The semiconductor industry is positioned for long-term growth and expansion, driven by the growing use of AI. Given its solid growth prospects, I think chip stocks Trio-Tech (TRT), Tower Semiconductor (TSEM), and NVIDIA (NVDA) might be worth adding to one’s watchlist. Read on.

Hedge funds have been selling shares of Intel (INTC ) and buying up rivals, such as Nvidia (NVDA ) and Advanced Micro Devices (AMD ). According to data from 13F filings, more shares of Intel were sold by funds than any other company besides Nokia Oyj. Sentiment has recently soured...

Despite the short-term cyclical downturn, the chip industry’s outlook remains solid due to the increasing use of chips in powering vital technological advancements. Hence, fundamentally strong chip stocks Broadcom (AVGO), Tower Semiconductor (TSEM), and Photronics (PLAB) might be worth buying right now. Continue reading.

Tower Semiconductor Ltd (NASDAQ:TSEM) reported first-quarter FY22 revenue growth of 21% year-on-year to $421 million, beating the consensus of $406.9 million. It posted a 29% organic growth. The gross profit was $105 million, up 50% Y/Y. The operating profit grew 94% Y/Y to $63 million. Adjusted EPS was $0.49, up from $0.26 prior-year…

Morgan Stanley analyst Joseph Moore upgraded Globalfoundries Inc (NASDAQ:GFS) to Overweight from Equal Weight with a price target of $72.50, up from $70 (21.64% upside).  Moore downgraded Intel Corp (NASDAQ:INTC) from Equal-Weight to Underweight and announced a $47 price target (3.83% downside). Moore prefers GlobalFoundries over Intel, given his view that the former acts as a hedge against the…

Italy looks to earmark over €4 billion ($4.6 billion) until 2030 to boost domestic chip manufacturing as it seeks to attract more investment from tech companies like Intel Corp (NASDAQ:INTC), Reuters reports. Brussels has made available €15 billion in additional public and private investment by 2030, on top of €30 billion of public…

Tower Semiconductor Ltd (NASDAQ:TSEM) reported fourth-quarter FY21 revenue growth of 19% year-on-year to $412.1 million, missing the consensus of $430.2 million. It posted a 28% organic growth. The gross profit was $100 million, up 44% Y/Y. Adjusted EPS of $0.55 beat the consensus of $0.45. It generated $134 million in operating cash flow.…

Analysts had mixed views on Intel Corp (NASDAQ:INTC) after yesterday's reports about Intel nearing a deal to acquire Tower Semiconductor Ltd (NASDAQ:TSEM) for $6 billion.  Northland analyst Gus Richard said such a deal would "make a lot of sense" and be a good one for Intel shareholders based on his estimate that it would cost $13…