Tower ( (TSEM) ) has shared an announcement.
On February 27, 2025, Tower Semiconductor Ltd. announced its financial results for the year ending December 31, 2024. The report, audited by Brightman Almagor Zohar & Co., highlighted a consolidated provision for income taxes of $10.2 million, reflecting the company’s operations across Israel, Japan, the U.S., and Italy. The announcement underscores the company’s financial health and strategic positioning in a multinational tax environment, which involves complex judgments and estimates in its income tax provision.
More about Tower
Tower Semiconductor Ltd. is a company operating in the semiconductor industry, focusing on the production of integrated circuits and related technologies. The company is based in Migdal Haemek, Israel, and serves a global market with its semiconductor manufacturing services.
YTD Price Performance: -15.54%
Average Trading Volume: 731,231
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.84B
Learn more about TSEM stock on TipRanks’ Stock Analysis page.