Tower Semiconductor Unveils 300mm 65nm Power Management Platform - Report 6-K

Here's a summary of the key information extracted from the financial report:

Company Overview

• Name: Tower Semiconductor Ltd.
• Location: Ramat Gavriel Industrial Park, P.O. Box 619, Migdal Haemek, Israel 2310502.
• Stock Ticker: NASDAQ/TASE: TSEM.

Report Type

• Form: 6-K
• Filing Date: December 23, 2024.

Key Announcement

• Product Launch: Tower Semiconductor announced the release of its new 300mm 65nm 3.3V-Based BCD Power Management Platform (referred to as PML).
• Significance: This platform is designed to cater to the stringent low-voltage requirements of mobile devices and high-efficiency demands in AI and data center applications.

Technical Details

• Platform Features:
• LDMOS Devices: Equipped with ultra-low on-resistance and high power conversion efficiency.
• Wide Voltage Range: Supports a nominal 3.3V gate voltage with capability for substantial overdrive and underdrive.
• Applications: Aimed at power management integrated circuits (PMIC), audio ICs, and high-power voltage regulators for GPUs and CPUs.

Market Position

• The platform is positioned to meet growing demands for high power efficiency and density, particularly in sectors such as mobile technology, artificial intelligence, and data centers.

Management Quote

• Shimon Greenberg, General Manager of Power Management Business Unit, emphasized the platform's role in empowering customers to develop industry-leading products that meet evolving market demands.

Company Mission

• Tower Semiconductor focuses on providing innovative analog technology solutions across various sectors, including consumer, industrial, automotive, medical, and aerospace, with an emphasis on sustainability and long-term partnerships.

Facilities and Operations

• Tower Semiconductor operates multiple manufacturing facilities across Israel, the U.S., Japan, and Italy, indicating a robust production capacity and multi-fab sourcing capabilities.

Investor Relations

• Contact: Noit Levy (Investor Relations) - +972-4-604-7066.
• Company Contact: Orit Shahar - +972-74-7377440.

Risk Disclosure

• The announcement contains forward-looking statements, which are subject to risks and uncertainties. Details on risk factors are available in Tower’s recent SEC filings.

This summary encapsulates the essential information and strategic implications of Tower Semiconductor's recent product announcement and its operational context.