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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 25, 2014
10:10 EDTTSEMHigh option volume stocks
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November 24, 2014
10:00 EDTTSEMOn The Fly: Analyst Initiation Summary
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08:22 EDTTSEMTower Semiconductor initiated with a Buy at Craig-Hallum
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November 13, 2014
05:39 EDTTSEMTower Semiconductor sees Q4 revenue $235M plus or minus 5%, consensus $243.07M
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05:38 EDTTSEMTowerJazz reports Q3 EPS 58c, consensus 33c
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