Tower Semiconductor Invests $3 Billion in Japan and Raises Price Targets for 2028

Tower Semiconductor expands its production capacity in Japan for $3 billion, for which the company receives state funding of $1 billion. 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 and net earnings of $1.2 billion. Partnerships with NVIDIA and Marvell Technology, as well as the ongoing demand for AI infrastructure solutions, are driving the stock price.   The analog semiconductor solutions-focused...