Tower (TSEM) has released an update.
Tower Semiconductor Ltd. has reported its unaudited condensed interim consolidated financial statements for the period ending June 30, 2024. The company witnessed a marginal increase in total assets from $2,918,517,000 at the end of 2023 to $2,962,167,000 mid-2024, while total liabilities decreased slightly, suggesting a stable financial position. With a notable growth in shareholders’ equity to $2,512,713,000, Tower Semiconductor indicates a solid balance sheet, which could be an attractive point for investors.
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