# Tower Semiconductor Ltd (TSEM) — Stock CV

Tower Semiconductor Ltd is a $25.8B technology company. Revenue grew 9.1% over the last year, it keeps 14¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 89.1× earnings.

> Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs) based on the design specifications of customers.

## Identity

- **Ticker**: TSEM
- **Sector**: Technology
- **Industry**: Semiconductors
- **Employees**: 5 316
- **Website**: https://www.towersemi.com
- **Market cap**: $25.8B
- **Last price**: $228.00
- **Financial profile**: Strong

## Vitals (FY2025)

- **Revenue**: $1.57B
- **Net income**: $220M
- **Free cash flow**: $301M
- **Net cash**: $1.34B
- **P/E**: 89.1
- **Revenue growth (YoY)**: 9.1%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 25 |
| Growth | 63 |
| Profitability | 69 |
| Health | 100 |
| Quality | 77 |
| Moat | 42 |

## Qualifications (beginner checklist) — 9 of 10 passed

- [x] Revenue growing — +9.1% YoY
- [x] Profitable — $220M FY2025
- [x] Profit growing — +41.8% YoY
- [x] Generates cash — $301M FY2025
- [x] Debt under control — more cash than debt
- [x] Established company — $25.8B market cap
- [x] Not printing shares — +3.8% shares over ~5y
- [x] Proven track record — 5/5 profitable years
- [x] Financially stable — Altman Z 23.7 — safe
- [ ] Valuation not extreme — P/E 89.1

## Experience (career milestones)

- **FY2023** — Best year on record: $518M net income
- **Aug 16, 2023** — However, on August 16, 2023, Intel terminated the acquisition as it failed to obtain approval from Chinese…
- **Feb 15, 2022** — Intel announced an agreement to acquire Tower Semiconductor for $5.4 billion
- **FY2021** — Profitable every year on record: 5 consecutive profitable years in our data
- **FY2021** — Revenue already above $1B: $1.51B in first reported year
- **2020** — The Chinese court announced that Tacoma (Nanjing) Semiconductor Technology Co., Ltd was in…
- **2017** — TowerJazz, and Tacoma (Nanjing) Semiconductor Technology Co., Ltd announced that TowerJazz…
- **2016** — TowerJazz announced the successful acquisition of an 8-inch wafer fabrication facility in San…
- **2014** — TowerJazz announced the successful transaction with Panasonic Corporation (First Section of TSE and…
- **2011** — TowerJazz acquired Micron Technology's fabrication facility in Nishiwaki City, Hyogo, Japan
- **2010** — The acquisition nearly doubled TowerJazz's 2010 internal manufacturing capacity and cost-effectively increased…
- **2008** — Tower acquired Jazz Semiconductor
- **1993** — Tower Semiconductor (NASDAQ / TASE: TSEM) was founded in 1993 and became a public company in 1994

## Strengths

- Strong cash conversion — FCF is 19.2% of revenue
- Net cash position after subtracting debt from cash
- Interest covered 49.7× by operating earnings
- Altman Z-Score 23.69 — low bankruptcy-risk zone

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $1.51B | $150M | $163M |
| FY2022 | $1.68B | $265M | $232M |
| FY2023 | $1.42B | $518M | $12.5M |
| FY2024 | $1.44B | $208M | -$48.9M |
| FY2025 | $1.57B | $220M | $301M |

---

Source: https://stockcv.com/TSEM — derived from company filings; may be delayed or incomplete. Information, not investment advice.