Tower Semiconductor Ltd. reported fourth-quarter FY21 revenue growth of 19 percent year-on-year to $412.1 million, missing the consensus of $430.2 million. It posted a 28 percent organic growth. The gross profit was $100 million, up 44 percent Y/Y. Adjusted EPS of $0.55 beat the consensus of $0.45. It generated $134 million in operating cash flow. It held $764.6 million in cash and equivalents. On February 15, Intel Corp. agreed to acquire Tower Semiconductor at a 60 percent premium. Due to its impending acquisition, Tower Semiconductor did not provide its guidance for Q1 FY22. By Anusuya Lahiri © 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.