Tower Semiconductor Reports 76 Percent Revenue Increase In Q/2

August 5, 2014 | Israeli company Tower Semiconductor published its results for the second financial quarter, noting a revenue of $234 million, up 76 percent from the previous quarter and 87 percent more than the corresponding quarter in 2013. On a non-GAAP basis, Tower made a profit of $31 million, with both the revenue and the profits beating the consensus analysts’ estimates. Founded in 1993, Tower Semiconductor and its US subsidiary Jazz Semiconductor manufactures semiconductors and integrated circuits for the electronics industry and is publicly traded on NASDAQ and TA-100.