Yahoo Finance's Julia La Roche sits down with executive chairman and former CEO of Starbucks Howard Schultz
|Bid||10,680.00 x 197000|
|Ask||10,690.00 x 22000|
|Day's Range||10,620.00 - 10,730.00|
|52 Week Range||56.01 - 10,730.00|
|PE Ratio (TTM)||5,473.63|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
Israeli chipmaker TowerJazz is linking up with Tacoma Semiconductor Technology Co to establish a fabrication plant in Nanjing, China to make 8-inch wide wafers, as it seeks a foothold in the world's second-largest economy. TowerJazz, which makes chips for smartphones, battery chargers, AC/DC adapters and image sensors, is not investing any money in the plant. It will receive payments based on milestones during the next few years, subject to a definitive agreement.
Q2 2017 Tower Semiconductor Ltd Earnings Call
TowerJazz reported another record quarter in terms of revenue and profitability and guided up on Q3 revenues but the stock fell as the company nears its capacity limitations anticipated next year even sooner. As this success trickles into earnings models, revenues estimates start to bump up to physical capacity constraints, rather than demand. This is $7 million higher than we had forecast, but indications are that some of this increase is from pulling some Q4 revenues forward.