semiconductor / news / / The Economic Times
Israeli contract chipmaker Tower Semiconductor beat Wall Street expectations for fourth-quarter profit.
Tower Semiconductor is investing an additional $270 million in silicon photonics chip equipment.
KEY POINTS
- Total spending on high-speed silicon photonics technology now reaches $920 million for Tower.
- The company plans to produce over five times more silicon photonics chips monthly by end of 2026.
- Customers have already committed to buying the projected increased chip output, according to the CEO.
COMPANIES
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