Tower Semiconductor: The AI optics boom reaches the chip factories - Mizuho sees 8.5 billion USD market potential
Reading Time: 3 minutes
Mizuho initiates coverage on Tower Semiconductor with Outperform and a price target of 300 USD - representing a potential of about 40%. The analyst expects the market for silicon photonics chips in optical transceivers to grow to approximately 8.5 billion USD by 2029. For 2028, Tower now aims for 3.6 billion USD in revenue and 1.2 billion USD in net profit – previously, the targets were 2.8 billion and 750 million USD, respectively. The AI optics boom is now reaching the chip factories. Mizuho starts its coverage of Tower Semiconductor...
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