Tower Semiconductor issued a financial report after being acquired by Intel for $5.4 billion

Tower Semiconductor released its financial statements for the year ended December 31, 2021. According to the report, Tower Semiconductor's operating income in 2021 will be 1.5082 billion US dollars, a year-on-year increase of 19.16%, net profit will be 150 million US dollars, a year-on-year increase of 82.27%, the gross profit margin will be 21.8%, the net profit margin will be 10.2%, and the ratio of R&D expenses to operating income is 5.7%.

Tower Semiconductor stated that the increase in operating income in 2021 is mainly attributable to an increase in the number of products manufactured (CMOS silicon wafers) and an increase in average prices starting in the second half of 2021.

Operating income is divided by geographic location, with the United States accounting for 41%, Japan accounting for 22%, Asia (excluding Japan) accounting for 30%, and Europe accounting for 7%.

Tower Semiconductor said the company's main fixed assets, or production plants, are located in three different regions: Japan, the United States, and Israel amounting to $374 million, $264 million, and $239 million, respectively.

It is understood that TowerTower Semiconductor is an independent semiconductor foundry that produces intensive mixed-signal semiconductor devices in the United States, Asia, and Europe. It produces integrated circuits (ICs) based primarily on third-party designs and proprietary geometric ranging designs from 1.0 to 0.11 microns, as well as design and technical services. The company also offers a range of customizable process technologies, including SiGe, BiCMOS, mixed-signal, and RFCMOS. Its ICs are used in a range of products for different markets, including consumer electronics, personal computers, communications, automotive, industrial, and medical equipment products. It primarily provides foundry services to fabless semiconductor companies and independent equipment manufacturers. Tower Semiconductor Ltd was established in 1993 and is headquartered in Migdal Haemek, Israel.

On February 15, Intel and Tower announced that they had signed a definitive agreement whereby Intel would acquire Tower Semiconductor for $53 per share in cash, totaling approximately $5.4 billion.