Tower Semiconductor Signs $1.3 Billion in Silicon Photonics Contracts Expected to Generate Revenue by 2027
Tower Semiconductor (TSEM) has signed silicon photonics customer contracts valued at $1.3 billion, expected to generate revenue starting in 2027. The company also secured $290 million in prepayments for capacity reservations and plans a global expansion of manufacturing facilities to meet growing demand driven by AI infrastructure and data center needs.
Tickers: $TSEM
Topics: AI infrastructure data centers semiconductors silicon photonics