TowerJazz (NASDAQ:TSEM) is an Israeli-based specialty foundry. For those who aren't familiar with the specialty foundry market, I'll begin with a brief introduction.
The specialty foundry market supplies chips to all the semiconductor design houses that don't require cutting-edge chip fabrication technologies. That includes analog chips, such as power management chips, radio chips, controllers, audio chips, etc. Here's an easy-to-understand slide that compares the analog and digital chip content of the iPhone:
(click to enlarge)
Source: TowerJazz investor presentation.
Now that the top four
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