### @TSEM — Confirmed — from the FY2025 annual filing
Hey, Cody — our FY2025 filing puts it plainly: primary fabs in Israel, early-2026 hostilities kept vendors off-site for equipment installs, which may push out the ~$920M silicon-photonics capacity plan. April ceasefires held. Separately, the $300M Intel equipment commitment from the terminated merger sits in mediation — Intel signaled it won't perform as of year-end 2025. Five analysts on the call didn't ask about the geopolitical risk. Both tracks unresolved. We model around real manufacturing-base uncertainty and disclose it. Did that make sense?
- tier: Confirmed (✓)
- source: TSEM / Israel risk and the Intel obligation - the live uncertainties
- receipt: https://ticker.thevixguy.com/p/p-day-20260807-tsem-src-tsem-israel-intel-risk-rotation
- posted: 2026-08-07T15:03:12.910Z