Tower Semiconductor

Tower and Semtech have contractually agreed dedicated SiGe manufacturing capacities in three countries. The supplied components are intended to lower the high energy demand of data transport in AI data centers. CEO Russell Ellwanger says early qualification systematically strengthens Tower's market position in the field of analog specialty manufacturing. » Mere på finanzen.net

Bank of America initiated coverage of Tower Semiconductor with a buy rating and a $367 price target, implying about 63% upside from recent levels and citing a market-leading position in silicon photonics for AI data-center transceivers. Tower reported record Q2 2026 revenue of $460 million and net income of $91 million, up 95% year over year (ex-items). The bank expects SiPho revenue to double in 2026, but notes shares trade at a steep premium versus historical valuations (current P/E ~88.8 vs five‑year average 17.3). » Mere på finance.yahoo.com

Tower Semiconductor announced an approximately $3 billion expansion of its semiconductor capacity in Japan, supported by $1 billion in government subsidies. Plans include conversion and new construction of 300-mm fabs for silicon photonics and silicon‑germanium; the first phase is scheduled to be operational in Q4 2027. The company raised its 2028 targets to $3.6 billion in revenue and $1.2 billion in net income and said more than 70% of the new capacity is contractually secured through 2028, including $1.3 billion in silicon photonics contracts and $290 million in customer prepayments. The announcement and upgraded guidance drove the stock up about 10% in morning trading. » Mere på de.investing.com

Tower Semiconductor has shipped over five million coherent photonic integrated circuits to customers through its partnership with Marvell, supplying components for coherent optical transceivers used to link AI-driven data centers. The company highlighted the technical challenges of PIC manufacturing and said it is advancing silicon integration, 3D stacking and V-Groove packaging to improve light guidance. Tower and Marvell described the milestone as validation of their collaboration and said they will continue developing next-generation coherent technology for large-scale data center networks. » Mere på finance.yahoo.com

Tower Semiconductor agrees with IQE on a multi-year supply of indium phosphide (InP) epiwafers for optical connectivity solutions in AI data centers. At the same time, a patent dispute was settled, removing legal uncertainties for technology development. A solid first quarter 2026 with revenue growth supports the company’s financial planning. » Mere på finanzen.net