Business Context and Reporting Period
This Form 6-K filing by Tower Semiconductor Ltd. (TowerJazz) covers the period of April 2014. The registrant is a global specialty foundry leader operating manufacturing facilities in Israel, the U.S., and Japan. The filing primarily serves to disclose a corporate announcement regarding a supplier award received on April 10, 2014.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document is a news announcement and does not contain financial statements or quantitative performance data.
Material Changes
No material financial changes or operational shifts are reported in this filing. The document highlights a strategic milestone: the receipt of the 2013 Supplier Excellence Award from M/A-COM Technology Holdings Solutions Inc. (MACOM). This award recognizes TowerJazz's support, partnership commitment, and delivery performance for MACOM and its acquired subsidiary, Mindspeed Technologies, Inc., a customer for over 10 years.
Guidance, Outlook, and Risks
The filing includes a Safe Harbor statement regarding forward-looking statements, noting that actual results may vary due to risks and uncertainties. It directs investors to the "Risk Factors" section in recent Forms 20-F, F-3, F-4, and 6-K for a complete discussion of risks. Management commentary emphasizes the company's commitment to partnering with customers to address next-generation technology needs and its capability to provide leading-edge technology for on-time delivery.
Key Facts for Investor Verification
- TowerJazz received the 2013 Supplier Excellence Award from MACOM for delivery performance and partnership.
- MACOM acquired Mindspeed Technologies, Inc. in 2013, continuing a decade-long customer relationship with TowerJazz.
- MACOM utilizes TowerJazz's specialty processes, including SBC18H2 and SBC18H3 advanced nodes, for RF and microwave applications.
- This filing contains no financial data; investors should refer to recent Forms 20-F or 10-Q for financial metrics.