Research Desk Line-up: Semiconductor Manufacturing Intl. Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 16, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Tower Semiconductor Ltd (NASDAQ: TSEM), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=TSEM. The Company announced on August 14, 2017, that its 0.18 um advanced SiGe technology was used to develop a 24-GHz rear and side radar sensor for DENSO Corp. DENSO is a leading supplier of advanced automotive technology, systems, and components for major automakers. The sensor leverages TowerJazz's submillimeter-wave technology and is used in the Toyota Camry which was released in North America in July 2017, and it will help enhance the vehicle safety system. For immediate access to our complimentary reports, including today's coverage, register for free now at:

http://protraderdaily.com/register/

Discover more of our free reports coverage from other companies within the Semiconductor - Integrated Circuits industry. Pro-TD has currently selected Semiconductor Manufacturing International Corporation (NYSE: SMI) for due-diligence and potential coverage as the Company announced on August 08, 2017, its consolidated results of operations for Q2 2017 which ended on June 30, 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Semiconductor Manufacturing Intl. when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TSEM; also brushing on SMI. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=TSEM

http://protraderdaily.com/optin/?symbol=SMI

Tower Semiconductor Ltd and its fully owned US subsidiaries Jazz Semiconductor and TowerJazz Texas operate collectively under the brand name TowerJazz, the global specialty foundry leader.

The Announcement

DENSO opted for TowerJazz's SBC18 process as it believes the technology combines high-performance SiGe transistors for the transmission and reception of the radar signal together with 0.18um CMOS for the integration of digital control functions on a single chip. DENSO's rear and side radar sensor system offers Short Range Radar (SRR) enabled by the Company's advanced SiGe process, which would help alert the driver of vehicles approaching from behind, or when changing lanes and when reversing the vehicle. Also, it would enable automatic braking when reversing.

The Company stated that the global automotive radar market size is estimated to be around $5 billion by 2023, where the advent of self-driven cars is anticipated to drive industry growth over the forecasted period. DENSO expects the SiGe technology to facilitate the creation of the collision avoidance system which is the Company's flagship offering. DENSO additionally announced that the advanced process from TowerJazz enabled the engineers to fully achieve the challenging specs required for next generation SRR for automotive applications.

Company's SiGe Portfolio

According to TowerJazz, all of its SiGe technologies offer customizable metallization schemes and high-performance passives to tailor the offering to each customer's specific end-application. The Company also delivers cost-sensitive applications through its 65nm RFCMOS technology platform in its Uozu, Japan factory. In the last few years, the Company has established itself as the leading provider of technology solutions that enable higher data rates in handsets, data centers, and networks. As the Company moves forward, it expects the proliferation of IoT devices, the advent of 5G cellular service, and the promise of autonomous vehicles boosting its RF business with additional exciting opportunities for growth.

Company Growth Prospects

TowerJazz is a leading manufacturer of next-gen integrated circuits (ICs) across different markets. The Company's portfolio includes customizable process platforms like SiGe, BiCMOS, mixed-signal/CMOS, RF CMOS, CMOS image sensor, integrated power management (BCD and 700V), and MEMS.

Prior to the announcement on August 09, 2017, TowerJazz announced that it provides Advanced RF and High-Performance Analog Solutions for the rapidly growing automotive analog device markets. The Company stated that according to a new market research report by MarketsandMarkets, the automotive semiconductor market is expected to increase from $35 billion in 2016 to over $48 billion by 2022. The elevated demand for automobiles coupled with the overall trend of vehicle electrification is set to drive growth in the segment.

Last Close Stock Review

At the closing bell, on Tuesday, August 15, 2017, Tower Semiconductor's stock slipped 1.58%, ending the trading session at $25.51. A total volume of 428.53 thousand shares have exchanged hands. The Company's stock price skyrocketed 2.20% in the last three months, 15.12% in the past six months, and 70.41% in the previous twelve months. Moreover, the stock soared 34.05% since the start of the year. The stock is trading at a PE ratio of 14.39 and currently, has a market cap of $2.40 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily