High Tower Semiconductor's annual revenue of $1.6776 billion in 2022 increased by 11.2% over the same period last year, and its profit increased by 87.2%.

Thanks to CTOnews.com netizen OC_Formula for the clue delivery! CTOnews.com February 19 news, High Tower Semiconductor (Tower Semiconductor) now announced until December 31, 2022 fourth quarter results, full-year results are eye-catching.

According to the announcement, High Tower Semiconductor had revenue of $1.6776 billion in 2022, up 11.2% from $1.5081 billion last year, gross profit of $466.3 million, up 41.7% from $329.1 million last year, and operating profit of $311.7 million, up 87.2% from $1.665 billion last year. Net profit was $264.6 million, up 76.4% from $150 million last year; diluted income per share was $2.39, up from $1.37 in the same period last year; operating cash flow was $530 million, fixed asset investment was $214 million; and $78 million in debt was repaid.

In the fourth quarter, Gaota Semiconductor's revenue was $403 million, down 2.2% from $412 million in the same period last year; gross profit was $124.7 million, up 25% from a record $100.2 million in the same period last year; and operating profit was $98.732 million, up 77% from $55.863 million in the same period last year and 25.3% from $7920.8 in the previous quarter Net profit was $83.324 million, up 61% from $51.739 million in the same period last year and up 20.5% from $69.135 million in the previous quarter. Diluted income per share was 75%, up from 47% in the previous quarter and 62% in the same period last year. Operating cash flow was $133 million, fixed asset investment was $38 million, and debt of $1100 was repaid.

Here is a brief introduction to CTOnews.com. Gaota Semiconductor Co., Ltd. was originally a professional semiconductor foundry in Israel, headquartered in Migdale Emmec, Israel, but it was acquired by Intel for $5.4 billion on February 15 last year.