Tower Semiconductor invests 3 billion USD in Japan and raises targets for 2028

Tower Semiconductor expands its production capacity in Japan for 3 billion USD, for which the company receives state funding of 1 billion USD. A two-phase plan aims to expand capacities in silicon photonics and silicon germanium. The financial targets for 2028 have been significantly raised, forecasting revenue of 3.6 billion USD and a net profit of 1.2 billion USD. Partnerships with NVIDIA and Marvell Technology, as well as the ongoing demand for AI infrastructure solutions, are driving the stock price.   The analog semiconductor...