Barclays Declares Tower as Leading Foundry for Silicon Photonics
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New Buy Recommendation: Barclays initiates coverage of Tower Semiconductor with "Overweight" and a price target of $310. Key Role in Future Market: The specialized foundry significantly benefits from the boom in optical data transmission in AI data centers. Technology-Neutral Positioning: As an independent manufacturer, Tower offers investors broad exposure in the photonics sector without cluster risks. Barclays has started coverage of Tower Semiconductor (TSEM) with a clear buy recommendation. The British bank rates...
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