Added to YB: 2026-07-23
Pitch date: 2026-07-21
TSEM [bullish]
Tower Semiconductor Ltd.
+2.78%
current return
Author Info
Equity research team focused on tech stocks (with special interest in cybersecurity and cloud). Sign up for their newsletter.
Company Info
Tower Semiconductor Ltd., an independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.
Market Cap
$28.3B
Pitch Price
$242.78
Price Target
N/A
Dividend
N/A
EV/EBITDA
49.30
P/E
116.19
EV/Sales
16.62
Sector
Semiconductors and Semiconductor Equipment
Category
growth
Lumentum vs Tower: Shifting conviction in photonics
TSEM (new position): Exited Lumentum, redeployed into Tower as top photonics pick. Tower sits at CPO bottleneck—high-yield hybrid bonding of photonic-to-electronic ICs, its decades-long CMOS/memory strength where even TSMC struggles. Benefits from silicon-photonics shift, displaced foundry players, space-qualified rad heritage. Lumentum faces soft CW laser demand, Chinese share loss, InP content decline. Highest conviction into late 2020s.
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