Tower Semiconductor: Tough 2023, But I Am Hopeful Going Forward
TSEMTower Semiconductor(TSEM) Seeking Alpha·2024-02-29 18:35

jiefeng jiang Introduction Tower Semiconductor (NASDAQ:TSEM) recently reported its FY23 financial results, so I wanted to look back at how the company progressed over the last year and comment on the outlook going forward. It’s been a tough year for many companies in the semiconductor sector, including TSEM, however, many analysts are seeing improvements in demand across the board for many different sectors and the declines in revenues seem to have bottomed. The company is still trading at a decent discount ...