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March 11, 2013
13:42 EDTTSEMTower Semi jumps after announcing radio platform design wins
Tower Semiconductor (TSEM) is surging after the company earlier today announced that its subsidiary, TowerJazz, had obtained over 50 design wins with its Silicon Radio Platform for smartphones and other mobile systems. The platform is utilized in the Front-End Module, or FEM, market, which is expected to double to $10B by 2017, TowerJazz stated. Tower is gaining significant market share in the FEM, and its platform allows integration of the radio in mobile devices including components such as antenna switches, antenna tuners, diversity switches, controllers, low-noise-amplifiers and power amplifiers, eliminating the need for expensive discrete GaAs, according to the company. In mid-afternoon trading, tower's stock rallied 58c, or 9%, to $7.05.
News For TSEM From The Last 14 Days
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November 18, 2015
09:23 EDTTSEMTowerJazz to acquire Maxim Integrated facility in San Antonio
TowerJazz (TSEM) has signed an agreement with Maxim Integrated (MXIM) to purchase Maxim's 8-inch fabrication facility in San Antonio, Texas. The proposed purchase will expand TowerJazz's current worldwide manufacturing capacity, cost-effectively increasing production by approximately 28K wafers per month. TowerJazz and Maxim expect to close the transaction in January 2016. As part of the transaction, the companies have also signed a long-term supply agreement for TowerJazz to manufacture products for Maxim in the San Antonio facility. The transaction is to be paid with TSEM ordinary shares with a total value of approximately $40M. All of the site's nearly 500 employees will be retained.
November 17, 2015
11:37 EDTTSEMTowerJazz to host analyst and investor day
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11:22 EDTTSEMTowerJazz management to meet with Drexel Hamilton
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11:21 EDTTSEMTowerJazz to host 2015 Supplier Day Meeting
Supplier Day Meeting to be held in Newport Beach, CA on November 17 at 4:30 pm.

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