Acquired Electronics360

Semiconductors and Components

TowerJazz Revenues up 70% in Q3

14 November 2014

TowerJazz, the combination of Tower Semiconductor Ltd. and its wholly owned U.S. subsidiary, Jazz Semiconductor, reported its third quarter revenues of $226 million, up 70 percent from the $133 million generated in the third quarter of 2013.

Third quarter gross profit was $68 million, a 30 percent gross margin on a non-GAAP basis. TowerJazz said this was an increase of 72 percent compared to $39 million in the third quarter of 2013 and an increase of 3 percentage points from the 27 percent report in the second quarter.

For the nine month period of 2014, the pure-play foundry has generated $593 million, up 60 percent year-over-year. Gross and operating profit were $175 million and $98 million, respectively, for the nine month period on a non-GAAP basis, an increase of 49 percent and 57 percent, compared to the first nine months of last year.

Russell Ellwanger, CEO of TowerJazz, said in a statement the company continues to see strong demand in the mask sets entering its factories as evident of a 30 percent increase year-over-year. Ellwanger added TowerJazz is “well poised” to accept increased demand through its facilities going forward.

As for the fourth quarter, TowerJazz said it expects revenues to reach $235 million, give or take 5 percent. If the company reaches this number, it will represent a 75 percent year-over-year growth.

Related links:

IHS Semiconductor Manufacturing

News articles:

Globalfoundries Gains Chip Design, IP Support Service

SMIC to Spend $570 Million on ASML Tools

Why Must IBM Keep the Cost of Advanced Chip R&D?

IBM To Pay Globalfoundries $1.5 Billion to Take Chip Business

UMC to Spend $1.4 Billion on China Fab

Powered by CR4, the Engineering Community

Discussion – 0 comments

By posting a comment you confirm that you have read and accept our Posting Rules and Terms of Use.
Engineering Newsletter Signup
Get the Engineering360
Stay up to date on:
Features the top stories, latest news, charts, insights and more on the end-to-end electronics value chain.
Weekly Newsletter
Get news, research, and analysis
on the Electronics industry in your
inbox every week - for FREE
Sign up for our FREE eNewsletter


Date Event Location
12-16 Aug 2018 Vancouver, Canada
11-13 Sep 2018 Novi, Michigan
27 Sep 2018 The Reef, Los Angeles
03-05 Oct 2018 Boston, Massachusetts
26 Oct 2018 Old Billingsgate
Find Free Electronics Datasheets