Tower Semiconductor and IQE sign multi-year InP epiwafer supply agreement
The deal supports growth in silicon photonics for AI data centers and resolves IP disputes.
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Analog semiconductor foundry
towersemi.comLast updated
In short: Tower Semiconductor secured $1.3 billion in AI-related silicon photonics contracts and reported record revenue growth and upbeat guidance.
The deal supports growth in silicon photonics for AI data centers and resolves IP disputes.
Customer prepayments of $290M received, with larger 2028 commitments expected.
Revenue reached $414M, net profit $65M, and Q2 guidance forecasts record $455M.
The call is scheduled for May 13, 2026, with webcast replay for 90 days, and Q2 guidance will be provided.
Shares of Tower Semiconductor (NASDAQ: TSEM) fell 7.4% on Friday. Tower is an Israeli semiconductor manufacturing company that produces specialty...
Tower Semiconductor's market cap briefly hit $38B, making it Israel's most valuable company, fueled by $1.3B in AI silicon photonics contracts.
U.S. stock futures fell in premarket trading, with McCormick and Avis Budget rising while Primoris Services and Tower Semiconductor dropped.
Tower ( ($TSEM) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement. Tower Semiconductor shares are climbing as invest...
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